Housing developer ceases trading due to losses on two schemes
Liverpool-based Elite Homes has ceased trading following losses incurred on two developments on Merseyside.
The developer is a division of long-standing private rental company Elite Estate Developments, which is unaffected by the move and continues to trade successfully.
The closure follows financial difficulties with the building contractor at Elite’s Damfield Meadows development in Maghull and Glenavon Park scheme in Prenton.
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