Moxon One Limited: The Troubled Developer Behind a £26 Million Disaster

Introduction

Moxon One Limited, a relatively new player in the real estate sector, has quickly gained notoriety for its controversial developments. With directors Paul Simon Godfrey and Samantha Godfrey at the helm, the company has been linked to financial disasters, unpaid creditors, and questionable practices. Their latest project in Barnet has sparked public outcry due to the troubling history of its leadership. This article sheds light on the developer’s dubious track record and the concerns surrounding its operations.

A History of Failure: The £26 Million Kilburn Nightmare

The name Paul Godfrey is synonymous with one of London’s most notorious property failures. His involvement in the Park Place development in Kilburn left a trail of destruction, including massive debts exceeding £26 million and numerous unpaid creditors. The project, which aimed to deliver luxury apartments, turned into a financial catastrophe, with investors and contractors bearing the brunt of the losses. Despite these failings, Godfrey resurfaced as a director of Moxon One Limited, raising serious questions about accountability in the property development sector.

New Project, Old Concerns

Moxon One Limited’s recent venture involves the redevelopment of Intec House on Moxon Street in Chipping Barnet into a seven-story building with 92 flats. The project has been met with skepticism and opposition from local residents, who are wary of the company’s troubling history. Critics argue that allowing a developer with such a tarnished reputation to lead a major housing project puts the community at risk of experiencing similar issues seen in Kilburn.

Despite these concerns, Barnet Council approved the project in January 2023. The council’s decision has been heavily criticized for disregarding the developer’s problematic past, with some arguing that public institutions should prioritize protecting residents and stakeholders from potential financial harm.

Repeated Warnings Ignored

The approval process for Moxon One’s Barnet development has highlighted a concerning pattern: a willingness to overlook red flags in favor of pushing through real estate projects. While the council claimed that decisions are made based on planning merits, critics argue that due diligence should include assessing the character and reliability of developers. By ignoring Moxon One’s troubling history, Barnet Council has potentially opened the door to another financial disaster.

Conclusion

Moxon One Limited’s track record paints a grim picture of a developer with a history of failed projects and significant financial liabilities. The decision to grant the company planning permission despite its past failures raises serious questions about accountability and due diligence in property development. As the community watches the Barnet project unfold, there remains a lingering fear that history may repeat itself, leaving local residents to bear the cost of another development nightmare.