Collapsed Hartlepool-Based Developer Owed More Than £1.4m To Its Creditors...
- May 29
- 2 min read
Acland Homes Liquidation: Public Records Reveal Huge Creditor Claims...
29th May 2026
A Hartlepool Based Company which collapsed into insolvency has been found to have owed its creditors over £1.4 Million pounds before being plunged into liquidation.
Acland Homes Ltd has revealed debts of more than £1.4 million, according to a Statement of Affairs filed as part of the company’s liquidation process.
The Companies House document, dated 30th of March 2026, shows that Acland Homes Ltd, had estimated unsecured claims totalling £1,421,018 at the time the statement was prepared.
The document also shows that there were no estimated assets available for unsecured creditors, while the company’s listed book debts of £113,853 were marked as “uncertain” in terms of what they may realise.
Directors And Connected Parties Among Largest Creditors
The largest category of debt listed in the Statement of Affairs relates to its directors, with claims totalling £1,122,912.
The creditor schedule list also includes Overdrafts of £26k, a Bounce Back Loan of £29k & credit card debts of £13k, Together, the entries make up the total creditor figure of £1,421,018 owed.
Little Left For Creditors
The Statement of Affairs paints a bleak financial picture for creditors, with the company recording no assets available to meet preferential or unsecured creditor claims. Although book debts of £113,853 are listed, the estimated amount those debts may realise is marked as “uncertain”, meaning the eventual recovery position for creditors may depend on whether any money can actually be collected during the liquidation process.
What The Figures Show
Acland Homes Ltd was previouslhy responsible for the controversialpurchase of the Staincliffe Hotel in Hartlepool's Seaton Carew. The deal collapsed after plans to demolish the building were met with significant opposition from locals & whats claimed to have been a number of investirs withdrawing from the deal. The former hotel was then sold where its now being re-developed by a local charity.
However, the collapse of Acland Homes Ltd has left creditors facing a significant shortfall, with the Statement of Affairs showing debts exceeding £1.4 million and no confirmed realisable assets available to meet those claims.
While a Statement of Affairs is not the same as a final liquidation outcome, it's said to provides an important snapshot of the company’s financial position at the point of collapse.
On the figures now placed on the public record, The business entered liquidation with substantial debts, including large sums owed to directors, associated companies, pension interests and banking creditors & is one of a number of businesses in Hartlepool to be liquidated in the space of just a few months.
The document names Ian James Royle and David Adam Broadbent, of BTG Begbies Traynor, as liquidators.
