Development House Ltd, which is the building arm of Sunningdale House Developments Ltd has gone into administration. The person of significant control of Development House is David Pownceby (pictured)
Just last month we made it clear this part of the company was in financial trouble, and that a number of companies were not being paid and that some had resorted to construction adjudications and court action to get paid.
As we understand, staff from Development House Ltd were being transferred to the mother company – Sunningdale House Developments Ltd over the last week, and staff were told not to divulge this information.
Many subcontractors will possibly not get paid for their work. We know that as of Monday of this week, many did not get paid as was promised. Pownceby, personally texted some subcontractors assuring them of payment, but none arrived on their accounts.
Pownceby has been a bankrupt before and his previous companies have gone under, owing millions to unfortunate subcontractors and suppliers.
Many subcontractors and suppliers will suffer once again due to Pownceby’s company, Developments House Ltd going into administration.
We wish them – the subcontractors and suppliers – the best of luck in getting any money owed to them paid.
The Shepway Vox Team
Dissent is NOT a Crime