DAILY EXPRESS 19 FEBRUARY 2026

UK property firm plunges into administration - 700 new homes 'coming soon'

The special purpose company was put under the control of insolvency practitioners from Moorfields on February 11.

A property firm overseeing a large-scale development with "700 private and affordable homes", has gone into administration. In a notice published February 19, it was announced that TARN (MORNINGS MILL) LIMITED had been put under the control of insolvency practitioners from Moorfields on February 11, at the appointment of the High Court of Justice, Business and Property Courts of England and Wales.

TARN (MORNINGS MILL) LIMITED is a special-purpose company, sometimes called a special-purpose vehicle or SPV, connected to regional developer Tarn Homes. It was incorporated to oversee the Mornings Mill development in Willingdon, East Sussex, though Tarn Homes says it was forced to put the SPV into administration after the refinance agreement required to begin the project fell through due to a key stakeholder falling seriously ill.

The company stressed that only the SPV entered administration and neither Tarn Homes, nor any other projects are impacted. It added that the underlying planning permission for the scheme is still in place, and it was working with Moorfields to "secure the best outcome for creditors, stakeholders and the local community".

Tarn Homes, which previously acquired the site, says on its website that the Willingdon Community will deliver a "dynamic new community, offering 700 private and affordable homes designed to suit various lifestyles and needs"

The development, which is described as "coming soon", will "include modern retail spaces, assisted living and care facilities, medical centres, and other essential amenities", the website continues.

"Residents will enjoy access to a sports pavilion, a newly created open space, and a dedicated children’s play area, promoting active and healthy living for all ages."

Mornings Mill was "designed to provide a balanced blend of comfort, convenience, and community spirit, making it an ideal place to live, work, and play", it adds.

Milan Vuceljic and Michael Solomons, both of Moorfields, have been appointed as joint administrators.

Tarn Homes' statement read: "We want to reassure the community and our partners that the appointment of administrators to TARN (MORNINGS MILL) LIMITED was both unavoidable and only made at our request after all other options had been thoroughly explored by our funding partner and other stakeholders.

"During the final stages of agreeing the refinance to enable the commencement of the project infrastructure, one of the key stakeholders became seriously ill and was unable to complete the transaction documentation.

"Without unanimous agreement, the refinance could not proceed, leaving the board with no responsible alternative but to seek the protection of administration.

"This step relates solely to the special-purpose vehicle established for the Mornings Mill project in Willingdon and does not affect the other Tarn Homes current or future projects.

"The underlying planning permission for the 700-home Willingdon Community scheme remains in place, and we are working constructively with the joint administrators at Moorfields to secure the best outcome for creditors, stakeholders and the local community.

"Our priority is to ensure that the consented scheme — including much-needed private and affordable homes, community facilities and green spaces — is ultimately delivered.

"We appreciate that this news creates uncertainty, but the action taken was a prudent and necessary step to protect the long-term future of the development."

Story by Chris Samuel

Home Secretary, Shabana Mahmood, introduces rules to bar councils using luxury homes for migrants.

The United Kingdom is one of the most corrupt countries, according to Transparency International. We are concerned at the number of ground work companies and housebuilders, that have become insolvent in 2026.

One way of reducing the cost of houses, is for a subcontractor to carry out the groundwork, and then declare bankruptcy. That leaves the developer a way to reduce their costs. And, worryingly, there is nobody to sue if the foul drainage, water, power, or other SuDs installation is below standard.

LINKS

https://www.express.co.uk/news/uk/2172832/uk-house-builder-administration

https://www.express.co.uk/news/uk/2172832/uk-house-builder-administration

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