{"name":"SHEEN LANE DEVELOPMENTS LIMITED","company_number":"08491696","status":"In Administration","type":"Private Limited Company","incorporated":"2013-04-16","dissolved":null,"registered_office":"3rd Floor 37 Frederick Place, Brighton, East Sussex, BN1 4EA","postcode":"BN1 4EA","sic_codes":[{"code":41202,"description":"Construction of domestic buildings"}],"principal_activity":null,"previous_names":[],"warnings":[],"accounts":{"category":"Group","year_end":"30 April","last_made_up_to":"2023-04-30","next_due":"2025-04-30"},"employees":null,"financials":[{"financial_date":"2023-04-30","net_assets":-7385428,"cash":443366},{"financial_date":"2022-04-30","net_assets":15229452,"cash":256248},{"financial_date":"2021-04-30","net_assets":20601702,"cash":2081821},{"financial_date":"2020-04-30","net_assets":16295392,"cash":1806887},{"financial_date":"2019-04-30","net_assets":5868030,"cash":3350347}],"officers":{"current":1,"resigned":2,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":0,"outstanding":0},"gazette_notices":[{"date":"2025-04-10","kind":"insolvency"},{"date":"2025-04-02","kind":"insolvency"}],"insolvency_outcome":null,"ai_summary":"Sheen Lane Developments Limited, a residential construction and property development company, is currently in administration following a catastrophic financial year in which net assets collapsed from £15.2 million to negative £7.4 million. The accounts state that the losses arose primarily from write-backs of estimated profits on projects for related companies whose assets entered receivership, combined with a £9.4 million write-off of equity invested in Special Purpose Vehicles, all exacerbated by rising interest rates and market uncertainty. The company's business model — acting as developer for related entity-owned property — created extreme concentration and dependency risk that ultimately proved unsustainable.","website":"https://www.sheenlane.co.uk/","links":{"page":"https://www.companiesintheuk.co.uk/ltd/sheen-lane-developments","people":"https://www.companiesintheuk.co.uk/company/sheen-lane-developments/people","filing_history":"https://www.companiesintheuk.co.uk/company/sheen-lane-developments/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/08491696","financials":"https://www.companiesintheuk.co.uk/company/sheen-lane-developments/financial","gazette":"https://www.companiesintheuk.co.uk/company/sheen-lane-developments/gazette","control":"https://www.companiesintheuk.co.uk/company/sheen-lane-developments/control","charges":"https://www.companiesintheuk.co.uk/company/sheen-lane-developments/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/sheen-lane-developments/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/sheen-lane-developments"}