Development Funding Timeline

Thomas Wharton Meadows – Project Timeline Record

Christian Head, Kirkby Stephen, Cumbria CA17 4HA

Development, Funding and Receivership Timeline

This timeline provides a factual, date‑based record of the key events relating to the Kirkby Stephen development undertaken by Maytree Construction Ltd, including funding arrangements, lender actions, and the appointment and cessation of the LPA receivership.

It is a neutral chronology of documented events.

2021 – Funding Arranged

Date: 2021 Event: Loan facility arranged Details:

Finance broker Adapt Finance / Afig arranged a secured development loan for Maytree Construction Ltd.
Funding 365 Ltd provided the facility.
A legal charge was registered over the development property and Maytree Construction Ltd.

2021–2023 – Development Period

Period: 2021–2023 Event: Construction and project progression Details:

Maytree Construction Ltd undertook the residential development at Thomas Wharton Meadows, Kirkby Stephen.
The project operated under the secured loan facility arranged in 2021.

2023 – LPA Receiver Appointed

Date: 2023 Event: Appointment of LPA Receiver Details:

Funding 365 Ltd appointed Kempton Carr Croft (Rob Kerrigan) as LPA Receiver over the charged property.
Operational control of the development and project‑related funds transferred to the receiver acting on behalf of the lender.

2023–2024 – Receivership Period

Period: 2023–2024 Event: Receiver oversight Details:

The receiver managed the charged property and project‑related matters under the authority of the lender.
All decisions relating to the development and secured asset were made through the receiver.

06/12/2024 – Receivership Ceased

Date: 06/12/2024 Event: Formal cessation of LPA Receiver Details:

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

2024–2026 – Charge Remains Active

Period: 2024–2026 Event: Charge status Details:

Although the receivership concluded on 06/12/2024, the lender’s charge remains registered against Maytree Construction Ltd.
Formal discharge of the charge has not yet been registered.

Record Purpose

This timeline is intended as a factual record of:

the chronological sequence of events relating to the Kirkby Stephen development;
the dates of lender, broker, and receiver involvement;
the appointment and cessation of the LPA receivership; and
the ongoing status of the lender’s charge.