Karl Elkhadraoui
Karl (Khalid) Elkhadraoui is a director associated with several companies operating under the Abode Homes banner.
Previously, he served as Managing Director of Newcourt Residential (The Oaks) Limited, a luxury property development firm that entered liquidation in late 2019. The company reportedly defaulted on a £41 million loan from OakNorth Bank—one of the bank’s most significant defaults to date. Source: Fintech Futures – “OakNorth’s biggest default to date is still one of its first, pre-coronavirus defaults – a £41-million-worth loan to luxury property developer, Newcourt Residential, which collapsed at the end of 2019.”
A History of Financial Concerns?
Concerns have been raised regarding Karl Elkhadraoui’s track record in property development. Past reports cite unresolved debts and investor dissatisfaction tied to previous projects. In ongoing developments under his leadership, there have also been claims of delayed payments to contractors, with some reportedly walking off-site.
These patterns raise important questions about financial oversight, project delivery, and operational transparency.
About Karl Elkhadraoui, Operations Director
Karl Elkhadraoui serves as Operations Director at Abode Homes, with direct responsibility for the delivery and execution of building projects. His remit includes coordinating site activity, managing contractor relationships, and ensuring that developments are completed to specification and on schedule.
As the lead figure overseeing construction, Mr. Elkhadraoui is tasked with translating planning approvals into built homes — including projects such as Forest View in Maresfield. However, concerns have been raised regarding the operational management of this site and others.
Reports have surfaced suggesting that construction work at some properties remains incomplete, with residents and third-party contractors expressing frustration over delays and outstanding payments. One debt recovery specialist referenced an active dispute involving non-payment for services linked to Abode Homes in a LinkedIn post shared in June 2025.
⚠️ Planning Enforcement Involving Forest View
Forest View, a recent Abode Homes project, is currently the subject of planning enforcement action by Wealden District Council. Although the matter originates from planning consent concerns, it also raises questions about how operational oversight and compliance were handled on site.
The enforcement case (Ref: C/2024/0085) relates to four new-build homes — three of which have been sold, and the fourth, still owned by the developer.
Companies Linked to Karl Elkhadraoui
View linked Abode Homes developments
- Abode Homes (Horley) Ltd – in liquidation
- Abode Homes (Maresfield Park) Ltd – active
- Abode Homes (Southborough) Ltd – winding-up petition filed Oct 2024 Source
- Abode Land Ltd – active
- Eco Abode Ltd – active
- Concept 6 Management Ltd – active