Fri, 26 Nov 2010 | ADMINISTRATION
KPMG has been called in to Salford Quays-based construction firm Lowry Homes, having been placed into administration.
Paul Flint and Brian Green of KPMG are the joint administrators to Lowry Homes, along with two other businesses of the same group – Lowry Properties and Lowry Renaissance.
KPMG is reported to have confirmed that most of the group's remaining properties, along with most of the staff, were transferred over to Prospect (GB) before the administration process began.
KPMG said: "The administrators are dealing with a number of remaining properties, which are owned by the two group companies mentioned above.”
It is understood that Prospect took on four development sites from Lowry Homes. Prospect, owned by Liverpool’s Riverside Group, is to finish three development projects before starting on a fourth – a new development in Bury in February.
The last recorded accounts for Lowry Homes for the year to the end of December 2008 reveal revenues of £17.8 million and pre-tax losses of £1.4 million.
Established in 1997, Lowry Homes specialised in house building to include town houses, apartments, conversions and accommodation for the elderly. Its parent Jackson Holdings is a large development company, with yearly revenues of £70 million, according to the website.
The company designs and delivers electronic portfolios for organisations that capture and assess evidence for personal, professional, and organisation recognition, internationally. The company creates leading digital solutions that mirror and enhance...
A distributor of oils and ancillary cleaning products to a wide client base, and is not dependent on any one client or market sector. These Items are an essential component to ensure smooth operation of equipment and reduce wear & tear and reduce ope...
The company is an equestrian business comprising a popular retail store, accredited livery and riding facilities and a competitive events operation, operating from an attractive rural location in the East Midlands.
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.