DJ Zentra Group plc: One Victoria - Contractor Administration and Termination
Zentra Group plc (ZNT)
Zentra Group plc: One Victoria - Contractor Administration and Termination
30-Jul-2026 / 11:37 GMT/BST
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30 July 2026
ZENTRA GROUP PLC
("Zentra" or the "Company")
One Victoria - Contractor Administration and Termination
Zentra Group PLC (AQSE: ZNT), the Manchester-based residential developer, development manager and property manager
focused on the North of England, provides the following update in relation to One Victoria, Manchester.
Further to the Company's announcement on 21 July 2026, Zentra has been informed that James Clark and Howard Smith were
appointed Joint Administrators of Torsion Construction Limited (the "Contractor") on 29 July 2026.
Following the appointment, Zentra Great Ducie Street Limited (the "Developer") has served notice terminating the
Contractor's employment under the One Victoria building contract with immediate effect.
Site security and measures to protect the works remain in place. The Developer, supported by Zentra and the wider
professional team, is in advanced discussions with an alternative contractor regarding completion of the remaining
works and expects to provide a further update shortly.
Subject to finalising the replacement contractor arrangements and revised programme, the Company continues to expect
practical completion in the last quarter of 2026. Based on the information currently available, Zentra does not expect
these developments to have a material adverse effect on the recoverability of its GBP4.1m loan receivable, which ranks
for repayment from project sale proceeds after secured borrowings and liabilities incurred in the ordinary course of
business, but ahead of other shareholder loans.
Contacts
Zentra Group plc
Jason Upton Nick Courtney
Chief Executive Officer Finance Director
Email: jason.upton@zentragroup.co.uk Email: nick.courtney@zentragroup.co.uk
Guild Financial Advisory Limited (AQSE Corporate Adviser)
Ross Andrews Tomas Klaassen
Email: ross.andrews@guildfin.co.uk Email: tomas.klaassen@guildfin.co.uk
Tel: +44 (0)7973 839767
About Zentra Group plc
Zentra Group is a property development and management company focused on the residential sector, primarily in the North of England. The Company seeks to unlock value and deliver strong returns for its investors. Zentra is listed on the ARAM segment of the Aquis Stock Exchange under the ticker ZNT.
For further information, please visit the Company's website at www.zentragroup.co.uk
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ISIN: GB00BLF79495 Category Code: UPD TIDM: ZNT LEI Code: 2138008ZZUCCE4UZHY23 Sequence No.: 438081 EQS News ID: 2374602 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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(END) Dow Jones Newswires
July 30, 2026 06:37 ET (10:37 GMT)
