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Liverpool Echo
Liverpool Echo
National
Jonathan Humphries

Developer behind hundreds of homes in Merseyside goes bust

A housing developer behind hundreds of properties across Merseyside and the north-west has gone bust making all of its staff redundant.

Mulbury Homes, based in Lymm near Warrington, blamed tough trading conditions during the pandemic and rising costs for its troubles.

Andrew Knowles and Steve Clancy, both of business advisory firm Kroll, were appointed joint administrators of the failed firm yesterday and announced it would cease trading, meaning around 40 staff would be made redundant.

READ MORE: Walton inmate found dead as cells reopened after lunchtime lockdown

Mulbury worked with a number of affordable housing providers to deliver developments, including the £25million scheme in Rice Lane, Walton, involving 195 units built on the site of the former Walton Hospital.

The directors of Mulbury, including co-founders Greg Mulligan and Martin Berry, issued a joint statement saying: "Since we started the business in 2010, Mulbury Homes has worked in partnership with our housing clients to deliver over 2,000 homes across the North West and we are proud of our record.

“We had a strong pipeline of projects and we were hopeful for the future. However, we have not been immune to the very challenging conditions facing the construction sector brought by the pandemic, planning delays, cost increases and supply chain issues.“

"We have been working tirelessly to keep the business going but the current conditions left us with no option but to call in administrators.

"We would like to thank our staff, clients, supply chain and partners for their support to Mulbury Homes in the last 12 years."

Joint administrator Mr Knowles added: "The continued difficult trading conditions, rising costs, and financial pressures as a result of bad debt has led to a weakened cashflow position which has led to the appointment of the Joint Administrators.

"The Joint Administrators are continuing with their duties following the sale, realising assets, and distributing funds to creditors as well as investigating the financial affairs of the Company as part of their statutory duties."

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