DEBT ALERT: Abode Homes (Southborough) Ltd and Abode Homes (Horley) Ltd-Insolvent and Still Trading

Our company alert this week is regarding two connected companies – Abode Homes (Southborough) Ltd and Abode Homes (Horley) Ltd. Both have a registered office in Tunbridge Wells, Kent and are both building development company’s.  Abode Homes (Southborough) Ltd had owed our client £17,859.13 plus interest (the Debt) and costs. Adode Homes (Horley) Ltd had owed our client £10,517.10 plus interest (the Debt) and costs.  On 14^th August 2023, our client assigned both of the debts to Insolvency & Law Ltd. We are committed to recovering these funds.  

Not being able to pay your debts when they fall due, satisfies the definition of being insolvent. Nonetheless Abode Homes (Southborough) Ltd and Abode Homes (Horley) Ltd are both still trading.  

Furthermore, we can report that this year Abode Homes (Southborough) Ltd has two unsatisfied CCJ(s) at a cost of £6,395 and the accounts are due having been due in April this year. The last accounts file in November 2023 for YE 310722 show the company to be balance sheet involved for (£22,713).  

Abode Homes (Horley) CCJ’S

Abode Homes (Horley) Ltd has 2 satisfied CCJ(s) but also 2 unsatisfied CCJ(s) in 2024 for ££5,529.  Its accounts are over due having been due in May this year and the last accounts filed in November 2023 for YE 31082022 show it is balance sheet insolvent for (£39,536)

They also have a winding up petition issued on 3^rd September 2024 and a connected company, Abode Homes (Maresfield Park 2) Ltd also had a winding up petition issued on 7^th October 2024.   The Directors of both companies are Karen and Khalid ELKHADRAOUI, and Justin Pitman. With the ultimate shareholders being companies related to these Directors.  It seems like desperate times for these companies and their Directors/shareholders.

Abode Homes (Horley) Ltd owns the freehold title to 43-49 High Street, Horley (RH6 7BN which could be sold to satisfy its debts.  Meanwhile Abode Homes (Southborough) Ltd owns the freehold to 6 Garlinge Road, Tunbridge Wells (TN4 0NR) which could also be sold to satisfy its debts.

In the meantime, Abode Homes (Southborough) Ltd and Abode Homes (Horley) Ltd are evidentially insolvent. Insolvency & Law intends to litigate these debts. Either by a County Court action or via insolvency proceedings i.e. a petition to wind up the companies.  If this company owes you money, please make contact to Insolvency & Law immediately via investigations@i10.303.myftpupload.com.

Lastly, if you are owed money by any company that is refusing to pay for whatever reason, and you believe the debt to be rightly due to you, please make contact to Insolvency &Law via investigations@i10.303.myftpupload.com to discuss your options.

Disclaimer: Insolvency & Law Ltd is not a firm of solicitors or licensed insolvency practitioners. We do not conduct any regulated legal or financial activities as defined under the Legal Services Act 2007 or the Financial Services and Markets Act 2000. We do not offer legal advice, financial advice, debt counselling, or conduct of litigation.

All blogs, podcasts, reports, and other published content by I&L are provided solely for general information and educational purposes. They should not be interpreted as a substitute for regulated or professional advice and must not be relied upon as such.

For matters that require regulated legal or financial advice, we recommend seeking guidance from an appropriately authorised and regulated professional.