ANOTHER Plymouth construction industry business has gone bust, this time leaving debts of £1.3m which are unlikely to be paid.
Highgrove Property Services Ltd, which operated from an office building in North Hill, has gone into liquidation owing money to its bank, the tax man, and several small city construction firms.
The company, which traded as Highgrove Properties, is listed on Companies House as being involved in the construction of commercial buildings and the management of real estate. A Crowdfunding campaign started by the business in 2018 said it looked to pair landlords and tenants, offering bespoke letting services with an in-house property maintenance and repair service.
The firm, incorporated in 2009, recently held a meeting of creditors and appointed liquidators at corporate restructuring outfit Begbies Traynor. Documents filed at Companies House revealed it only had £6,000 in assets, which will be swallowed by the tax man, a preferential creditor.
However, HMRC is still short of £24,090 owed, plus another £10,427 in unpaid corporation tax. That is all part of a total owed to creditors of £1,340,828 and liquidators said there would be no money to settle these debts.
This story is from the August 04, 2022 edition of The Herald.
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This story is from the August 04, 2022 edition of The Herald.
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