Deloitte administrates home builders squeezed by crunch

Deloitte has been called in to administrate a house-builder in South Wales,
which was forced to abandon building projects halfway due to the credit crunch.

Ballantyne Homes has left 15 homes incomplete at Vivian Park in Port Talbot,
with 20 other plots in varying stages of construction in Pembrey.

Deloitte said it will take advice on how to dispose of the unfinished homes
and will be in touch with people involved in the developments, the BBC reported.

‘Offers made by individuals for properties will be considered by the
administrators’ agents, DTZ, and they will be contacted by them in due course.
DTZ will also review the development sites and advise the administrators on the
best method of disposal,’ a Deloitte spokeswoman said.

Further reading:

in dark as firm hits rocks

Half-built homes as firm closes

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