UK property company plunges into administration | UK | News
A British property company went into administration this week. Calmont Homes, a property development and management company based in England and Scotland, appointed joint administrators on 9 February.
According to its website, Calmont has been delivering a mix of residential, commercial and leisure projects for 20 years and has offices in Scotland and the North East and South East of England. The newspaper announced on Monday that it had appointed joint administrators Shaun Hudson and Allan Kelly from FRP Advisory Trading Limited.
Notable projects include managing the refurbishment of Dalian House, an office building converted into 92 flats valued at £20 million.
The website also said he is overseeing the refurbishment of an office block in Glasgow valued at £7 million, which has been converted into one, two and three-bedroom flats.
It joins several other businesses that appointed administrators in February. ALN Carpentry and Joinery, a carpentry firm based in Suffolk, has recently been appointed to administrators.
He has carried out work on properties including slabs, beams and decking in East Anglia and South East England.
Stock liquidation sales “will begin immediately at all stores,” he said. No refunds were made for products purchased after February 5 unless there was a defect in the product. Gift cards were also not accepted.
Its administrators said “changing consumer habits, government budget disruption at the peak of Black Friday trading, cost pressures from business rates and increases in the national minimum wage and NI” had led to the administration.
