Victoria Mill
Plans for 85 flats at Victoria Mill in Miles Platting were approved in 2017

Signature loses two more firms to administration

Dan Whelan

Signature Living Residential and Signature Victoria Mill, entities delivering residential schemes in Liverpool and Manchester , have been placed into administration.

The special purpose vehicles are the latest offshoots of Lawrence Kenwright’s Signature Living Group to collapse, after administrators were appointed to its hospitality arm earlier this week. 

The two companies are behind, respectively, a 123-apartment project at 60 Old Hall Street in Liverpool and the conversion of the grade two-listed Victoria Mill in the Miles Platting area of Manchester into 85 flats. Both schemes are currently under construction. 

Administrators at restructuring firm FRP have been appointed to the Signature SPVs, and are “working closely with the management team at Signature Living Group to assess the status of both build projects”, with a view to bringing forward their practical completion in due course, a statement from FRP said.

Steve Williams, partner at FRP, said: “60 Old Hall Street and Victoria Mill are two highly sought after, centrally-located developments in Liverpool and Manchester.

“Our primary focus is to work closely with those involved in order to secure the funding needed to bring these projects to completion as swiftly as possible.” 

The collapsed firms are the fourth and fifth Signature entities to fall into administration this month.

The group’s hospitality arm started administration proceedings this week, while Signature Shankly, the holding company behind the Shankly Hotel at Millennium House in Liverpool, collapsed earlier in the month. Duff & Phelps is the administrator for both, as well as for the management company behind the George Best Hotel in Belfast. 

Two of Signature Living Group’s other companies have winding up petitions lodged against them, according to the London Gazette, including Signature Living Coal Exchange which is behind a luxury hotel in Cardiff, and Signature Living Contractors.

 

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Oh the wheels are seriously coming off Signature….couldn’t happen to a better developer. Maybe this can now be dropped…site cleared and something of quality built….lets face it, the existing 1970s building is awful and has no redeeming architectural features whatsoever….and Old Hall Street would be the better for it when its gone.

By Old Hall Street

Manchester has had a lucky escape. Sigh.

By Fairy Contrary

60 Old Hall Street was originally touted to be smartened up into new offices, before Anderson took control of the council.

Now I think it can best be described as a plywood-attacked freakshow!

Although India Buildings has hardly gone smoothly, it is still on track to be offices, is in progress, and thank the lord that it ended up with who it did

By Mike

The Manchester site is not central. Miles Platting is about 3 miles out of the city centre, in a very rough area. Surprised Signature were involved in that as very different to rest of their portfolio

By Michael Portfolio

Good.
What happened at Old Hall Street is a disgrace and the Mill is in a dreadful spot.

By Peter

What’s happening to the hotel they started converting in Preston? The old Post Office building. Was going to be the Shankly Preston.

By John

Such a shame that the mill didn’t come forward. The amount of new development around it is fantastic. The mill would have been a final piece of the jigsaw.

By Victoria Mill

John. I’d been genuinely shocked if anything by Signature Living ever opened in Preston’s former Post Office building.

By SW