Glasgow dwelling-builder in liquidation

Designate Harper and Steven John Parker from Opus Restructuring & Insolvency had been appointed joint provisional liquidators to Service provider Homes Partnerships Ltd.

The firm, established in 2007 by Alan Brander and Linda McLuskie, specialised in private and social residential housing, and at its peak carried out £21m turnover.

The liquidators acknowledged that fresh trading stipulations had proved to be “seriously hard” with increasing charges, inflationary pressures, unforeseen delays to fresh contracts and a frequent downturn in buyer self perception across the sector attributable to the rise in hobby rates.

As cash circulate pressures modified into unsustainable, the directors explored alternate solutions to build the alternate nonetheless concluded that there modified into no viable different to giving up. The provisional liquidators had been appointed on twentieth December.

Joint provisional liquidator Designate Harper acknowledged “For a whereas, the construction industry has been experiencing outrageous challenges. The tempo of failure within the sector is at its highest in over a decade, rising discipline subject charges, inflation, planning delays, and abilities shortages have all contributed to the damage.”

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