BusinessCompany NewsPwC to administer Spalding housing developer

PwC to administer Spalding housing developer

PwC has been called in as joint administrators of housing developer Castle Building

PricewaterhouseCoopers
(PwC) had been called in as joint administrators of Spalding housing developer
Castle Building, citing cash flow problems and difficulties in the construction
industry, as the reason for its collapse.

‘Castle Building is a well-established building company and is a casualty of
the well-publicised difficulties in the construction sector,’ Stuart Maddison,
joint administrator, told the Spalding Guardian’s today edition.

He said the business would continue to trade with a view to completing
existing property transactions and PwC would be seeking a purchaser for the
remaining assets of the business.

Castle Building has been working on an ambitious scheme to convert a local
grade-two listed building into residential units, and recently put the finishing
touches on a £4.8m, 46 apartment development.

Further reading:

Read
the Spalding today story

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

4w Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

5m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

5m Alia Shoaib, Reporter
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

8m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

8m Emma Smith, Managing Editor
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

8m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

8m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

8m Emma Smith, Managing Editor