HRE (Eldon) Limited enters CVL as Hampshire Trust Bank holds three charges over Percy Street site
HRE (Eldon) Limited, the development vehicle behind Eldon Garden Shopping Centre in Newcastle, entered CVL on 22 May 2026. See the appointed liquidators and registered charges.
Information for general guidance, drawn from the public record. Not legal, financial, or insolvency advice. If you are affected by an insolvency, consult a licensed practitioner or qualified solicitor.
The liquidation
HRE (Eldon) Limited, incorporated in April 2023 to develop leasehold interests at Eldon Garden Shopping Centre on Percy Street in Newcastle upon Tyne, entered a creditors' voluntary liquidation (CVL) on 22 May 2026. A CVL is an insolvent winding-up resolved by the company's members at the directors' request, without a court order. The appointment was made by members and creditors.
The company's registered nature of business was the development of building projects, corresponding to SIC code 41100.
The liquidators
Craig Ridgley and Mark Tailby, both of Mercian Advisory Limited, were appointed joint liquidators. Ridgley holds IP number 23232 and Tailby holds IP number 9115. IP numbers are the licence identifiers issued by a practitioner's recognised professional body. Mercian Advisory Limited's registered address, which also appears as the company's registered office in the Gazette notice, is Unit 8, The Priory, Priory Road, Wolston, Coventry.
The directors
Two directors held current appointments at HRE (Eldon) Limited at the time of the notice. Geoffrey Malcolm Hogg was appointed director on 26 June 2023, and Victoria Ann Hogg was appointed on 1 July 2024. A third director, Gavin Fraser, was appointed on 20 April 2023, the date of incorporation, and resigned on 14 June 2024.
Secured charges
Hampshire Trust Bank PLC is the sole secured creditor of record, holding three outstanding registered charges. All three were created on 6 November 2024 and delivered to Companies House on 11 and 14 November 2024.
The first charge covers the leasehold interest in Eldon Garden Shopping Centre, Percy Street, Newcastle upon Tyne, and land on the west side of Percy Street, registered at HM Land Registry under title numbers TY247272 and TY471030.
The second charge is broader in scope. It covers a JCT minor works building contract dated 29 July 2024 between HRE (Eldon) Limited and Monument (Survey:Design:Build) Limited for hoarding, strip-out and associated works at the centre. It also captures a series of underleases at the Percy Street site: two underleases to Pure Gym Limited dated August 2015 and September 2016, an underlease to Tesco Stores Limited dated February 2010, and an underlease dated 5 November 2024 to One Lease Eldon Ltd and One Group (NE) Limited relating to a unit on the lower level of Eldon Garden.
The third charge also covers the leasehold interests in the Percy Street site and the west side of Percy Street, registered under the same two Land Registry title numbers.
All three charges remained outstanding at the date of the CVL appointment.
Background
HRE (Eldon) Limited was incorporated on 20 April 2023 and filed micro-entity accounts made up to 30 April 2025. Its registered address at Companies House is Roseberry View Pear Tree Office, Pannierman Lane, Great Ayton, TS9 6PP, though the Gazette notice records the Mercian Advisory address in Coventry as the registered office at the time of the winding-up. The company had no prior names on record at Companies House.
Common questions
Are you owed money by Hre (Eldon) Limited?
In a creditors' voluntary liquidation you are an unsecured creditor unless you hold a registered charge or retention of title. The liquidators will write to known creditors with a proof-of-debt form. A statement of affairs prepared by the directors and the chair of the creditors' decision procedure should be available on request. Read more about proof of debt and where you sit in the creditor hierarchy.
Did you work at Hre (Eldon) Limited?
In a CVL, employees are typically dismissed at or shortly after the liquidator's appointment. Wages owed up to a statutory cap, holiday pay, notice pay and redundancy may be claimable from the Redundancy Payments Service. The liquidators will normally provide RP1 case-reference numbers to the affected staff. See gov.uk: your rights if your employer is insolvent.
Do you hold a deposit, gift card or undelivered order from Hre (Eldon) Limited?
Customers with paid-but-undelivered orders, gift cards or deposits rank as unsecured creditors in the liquidation. Where you paid by credit card and the amount was over £100, Section 75 of the Consumer Credit Act 1974 may let you claim from the card issuer for breach of contract or misrepresentation by the supplier; the rules apply per item, not per transaction, and the card must be a regulated credit card. Debit-card payments may be recoverable via chargeback.
Are you a director of a company connected to Hre (Eldon) Limited?
Section 216 of the Insolvency Act 1986 applies the moment the company enters liquidation. If you intend to be involved in another company using the same or a similar name within five years, you must rely on one of the three statutory exceptions and file the relevant notice. Acting in breach is a criminal offence and exposes you to personal liability for the successor's debts.
Sources
- The London Gazette notice (code Appointment of Liquidators)
- Companies House record 14816670
- Editorial standards: how we source and review; five-pass pipeline.
