HMRC files winding up petition against Newcastle property firm Hadrian Real Estate

2025-04-09 13:39:46

HMRC is seeking the winding up of Newcastle property company Hadrian Real Estate plc, which took control of key development schemes once belonging to the failed High Street Group.

The tax authority has filed a winding up petition against the firm. Court filings show the petition against Hadrian was launched by HMRC officials earlier this month, though the circumstances behind the move are unknown.

The firm says it is in the process of settling tax bills and that it expects a resolution in the near future.

Hadrian began in April 2020 as a company called High Street Group plc before rebranding in August 2021. Former High Street Residential UK director Gavin Fraser became managing director of Hadrian.

At that time, the firm announced it was taking on six of High Street Group’s projects including a major residential and student accommodation schemes as well as smaller sites in