THE company which failed to develop Plymouth city centre’s Mayflower House office block went bust leaving debts of nearly £5m – much of which won’t be paid.
London-based Mayflower House Developments Ltd went into voluntary liquidation in 2021 leaving the five-storey building derelict and now the scale of the company’s collapse can be told.
The firm had debts of £4.84m when it went under. Of this, £2.688m was owed to specialist lender White Hall Lending Ltd, according to documents filed at Companies House. They say the lender is likely to still be out of pocket despite the building being bought. And it said unsecured creditors, owed a total of £2.155m, won’t receive a penny.
This story is from the April 15, 2024 edition of The Herald.
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This story is from the April 15, 2024 edition of The Herald.
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