Construction Ltd

Thomas Wharton Meadows

Christian Head, Kirkby Stephen, Cumbria

CA17 4HA

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Development, Funding and Receivership Record.

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Project Overview

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Project: Residential development, Kirkby Stephen, Cumbria Company: Maytree Construction Ltd Project period: 2021–2023 (receivership concluded thereafter)

Maytree Construction Ltd undertook a residential development in Kirkby Stephen, Cumbria. The project was funded by way of a secured loan and subsequently became subject to an LPA receivership during its course.

 

Parties Involved

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Lender: Funding 365 Ltd

Role: Secured lender to Maytree Construction Ltd on the Kirkby Stephen development Security: Legal charge registered against Maytree Construction Ltd and the development property (charge remains registered pending formal release) Website: Funding 365 – Bridging and Development Loans

 

Broker: Adapt Finance / Afig

Role: Finance broker responsible for arranging the loan facility with Funding 365 in 2021 Website: AFIG Finance

 

Receiver: Kempton Carr Croft (Rob Kerrigan, LPA Receiver)

Role: Appointed as Law of Property Act Receiver by Funding 365 in relation to the charged property Status: Appointment concluded; receivership formally ended Website: Kempton Carr Croft

 

Factual Funding Position​

Funding for the Kirkby Stephen development was arranged through Adapt Finance / Afig and provided by Funding 365. The facility was secured by a registered charge in favour of Funding 365 over the development and Maytree Construction Ltd.

During the life of the project, Funding 365 appointed Kempton Carr Croft as LPA Receiver over the charged property. The receivership has since concluded; however, the lender’s charge remains registered against Maytree Construction Ltd pending formal release.

 

Receivership Scope and Conclusion​

The LPA receivership related specifically to the charged property and the lender’s security. Operational control of the development and all project‑related funds during the receivership period was exercised through the receiver acting on behalf of the lender.

Kempton Carr Croft confirmed that their appointment as LPA Receiver ceased on 06/12/2024, and that the receivership was formally concluded on that date. Following cessation, all remaining matters, including the lender’s charge and any administrative decisions, fall within the remit of Funding 365 Ltd.

 

Current Status of the Lender’s Charge​

Charge holder: Funding 365 Ltd Company charged: Maytree Construction Ltd Status: Charge remains registered following conclusion of the receivership Release: Formal discharge of the charge has not yet been registered

This means that, although the receivership has ended, Funding 365 remains recorded as the secured lender in respect of the Kirkby Stephen development, and the charge continues to be shown as active until formally released.

 

Record Purpose​

This page is intended as a factual record of:

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• the parties involved in funding and managing the Kirkby Stephen development;

• the existence and status of the lender’s charge; and

• the appointment and conclusion of the LPA receivership.

 

It is not a commentary on conduct, liability, or dispute, but a neutral statement of the documented roles and positions connected with the project.

 

Further Information

For any enquiries relating to this project record, please contact Maytree Construction Ltd at: info@maytreeconstruction.co.uk