Trouble builds for £52m-turnover housebuilder as administration hits
Housebuilder Devonshire Homes has entered administration following mounting financial pressures and losses linked to rising build costs.
Sarah Collins and Jonathan Marston of Alvarez & Marsal Europe have been appointed joint administrators to oversee the business, which reported a turnover of £52m in its latest accounts and employed 77 staff.
The move follows the filing of a notice of intention to appoint administrators and marks a significant development for the regional housebuilder, which was established in the early 199... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
