Deveron Homes Limited (SC167896): administration
- Status
- Administration ended
- Administration began
- 2018-07-04
- Administrators
- Blair Carnegie Nimmo, Geoffrey Isaac Jacobs
- Administrators' firm
- KPMG
- Formerly
- R.B. Farquhar (Homes) Limited; Acertime Limited
- Incorporated
- 1996-08-26
- Location
- Glasgow
- Industry
- 41201 Construction of commercial buildings
Why it went into administration
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The Companies operated two service lines from their headquarters at 7 Deveron Road, Huntly, comprising the development of private residential housing, mainly in Aberdeenshire through Homes, and the provision of design and build contracts for housing associations across the North East of Scotland, through Construction.
Homes was incorporated on 26 August 1996 and acquired the homes division of R.B. Farquhar Limited in 1997. Homes split from the R.B. Farquhar Group in 2002. Construction was thereafter incorporated on 12 June 2008.
3.2. Funding and financial position of the Companies
Administrators' statement of proposals (2018-08-31) · Companies House register