Stewart Milne

[wokinginashearerwonderland]

Wow!  Big blow to the North East.

https://www.bbc.com/news/uk-scotland-north-east-orkney-shetland-67918029

 

[manc_don]

Quite shocking news tbh. I know his homes weren’t to my tastes but they served a purpose. What lead to their failure? Too reliant on cheap pre brexit labour?

[Slim]

2 hours ago, manc_don said:

What lead to their failure? Too reliant on cheap pre brexit labour?

They had seemingly made a lot of commitments to build community facilities in areas where they were building houses that they then couldn’t afford to proceed with (assuming they had every intention of doing so). Countesswells is one example I think.

[manc_don]

8 hours ago, Slim said:

They had seemingly made a lot of commitments to build community facilities in areas where they were building houses that they then couldn’t afford to proceed with (assuming they had every intention of doing so). Countesswells is one example I think.

I would have thought that they might need to do that under the planning conditions, but i'm not up to date with them in Scotland. @tom_widdows would know more.

Regardless, a shame. Despite only have 200 employees, i'd imagine the subbies are the ones who'll suffer the most in all of this. Shite time of year.

[tom_widdows]

I dont tend to get involved with the Planning side.
'Merchant Homes' have also just gone under.
They were supposed to be building 160 flats on the giant carpark next to Ibrox and have left a few developments unfinished in and around Glasgow

Quote from liquidator
“For some time, the construction industry has been experiencing extreme challenges.
“The rate of failure in the sector is at its highest in over a decade, rising material costs, inflation, planning delays, and skills shortages have all contributed to the distress.”