Paul Dumbell and Brian Green from KPMG’s Restructuring team were appointed Joint Administrators to Langtree Homes Limited on 18 December 2013.
The company operated as a residential property holding and construction business. Its principal assets are residential apartments in Brockhall Village, Lancashire, and Prenton, Wirral, as well as development land with planning permission in Brockhall Village.
The company, which ceased to trade immediately on appointment, employed five members of staff who have been made redundant.
Agent Edward Symmons has been appointed to manage and maintain the properties on a day to day basis, and provide the full range of tenant services on an ongoing basis. The development land has been mothballed and will be marketed for sale in January 2014.
Paul Dumbell, Joint Administrator and Restructuring Director at KPMG, said: “Despite a general upturn in the residential property market, Langtree Homes suffered from working capital issues that resulted in the administration. The appointment of agent Edward Symmons will ensure minimal disruption to tenants while the assets are marketed for sale.”
All sales enquiries should be directed to Victoria Moulds on 0161 246 4041.
All creditor/general enquiries should be directed to Tom Johnson on 0161 246 4102.
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Notes to Editors:
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with approximately 11,500 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2013. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 155,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.