Velocity Estates Limited (“VEL”), HLW 332 Limited (“HLW332”), Velocity Living Limited (“VLL”), HLW 287 Limited (“HLW287”), Velocity Developments Limited (“VDL”) (All In Administration) (Collectively known as “the Companies”)
On 11 November 2010, D F Butters and I Brown were appointed Joint Administrators of Velocity Estates Limited, Velocity Living Limited, HLW 287 Limited and HLW 332 Limited (all in Administration). On 12 November 2010, D F Butters and I Brown were appointed Joint Administrators of Velocity Developments Limited - In Administration. (together "the Companies")
All Insolvency Practitioners of Deloitte LLP are licensed in the UK.
The Companies own Velocity Village, a residential and commercial complex in the centre of Sheffield. Velocity Village covers 2.5 acres, stands 15 storeys high and consists of;
- 445 residential apartments;
- 106,000 square feet of commercial space; and
- a circa 650 space underground car park.
The Joint Administrators intend to trade the above companies and operate Velocity Village in the short term whilst seeking a purchaser for the assets either collectively or separately.
If you have information regarding any possible interested parties, then please contact the team. Internal contacts are as follows:
Should you be a party who may be interested in acquiring the business and assets, please contact Ravi Sharma of the Deloitte LLP Newcastle office on 0191 202 5324 or alternatively, John Lynch of the Deloitte Leeds office on 0113 292 1534.
For all general inquiries please contact Sally Mellors of the Deloitte Leeds office on 0113 292 1585.
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Use of website
It is the Administrators intention to provide all statutory information to creditors by use of this website in accordance with new legislation introduced by the Insolvency (Amendment) Rules 2010.
All known creditors will be advised each time a new document has been uploaded to the website and the documents will remain on the website for the duration of the administration and for three months after the administration has ended.
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