DEBT ALERT:  Victoria Works NW Ltd (previous name DeTrafford Victoria Gardens Ltd) – Insolvent and Still Trading

Our company alert this week is regarding DeTrafford Victoria Works NW Ltd. A building development company with a registered office in Castlefield, Manchester.  This company had owed our client £40,750 plus interest (the Debt) and costs. On 31^st July 2023 our client assigned the debt to Insolvency & Law Ltd and we are committed to recovering these funds.  

The DeTrafford brand of companies is well known in Manchester. They have experienced troubles with several companies falling into a statutory insolvency procedure.  I&L are currently running a Third-Party Action (TPA) for a group of people who all purchased apartments.  The company fell into Administration before the property was completed and the TPA aims to recover the lost deposits.

DeTrafford Victoria Works NW Ltd

Not being able to pay your debts when they fall due, satisfies the definition of being insolvent. Nonetheless, DeTrafford Victoria Works NW Ltd is still trading.  Furthermore, we can report that since 2021 Victoria Works NW Ltd has 3 unsatisfied CCJ(s) at a cost of £75,904.  The last accounts submitted in September 2023 for YE show the company to be balance sheet insolvent to the tune of (£375,445) as of YE 31.12.202 1. All further indicators of insolvency. Additionally, the accounts are overdue from March 2024.

The main Director and shareholder, Gary Thomas Jackson has had a recent flurry of activity resigning from directorships of the DeTrafford brand of companies replacing himself with his daughters.  In this instance, India Jackson has become a Director, and India, Emma and Chloe Jackson have all become shareholders.

Victoria Works NW Ltd owns the freehold and leasehold title to the site known as Victoria Mill in Droylsden, which could be sold to satisfy its debts.

In the meantime, as DeTrafford Victoria Gardens NW Ltd is evidentially insolvent, Insolvency & Law intends to litigate this debt. Either by a County Court action or via insolvency proceedings i.e. a petition to wind up the company.  If this company owes you money, please make contact to Insolvency & Law immediately via investigations@insolvencyandlaw.co.uk

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.

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