Monday 22nd December 2014

Norfolk-based developer goes into administration

Restructuring partners from KPMG have been appointed as administrator to Norfolk-based Morston Assets Limited and also as administrators and fixed charge receivers over certain of the group’s subsidiaries and properties.

The company employs 28 people and specialises in mixed use regeneration and development projects across the UK.

Administrator Rob Croxen said : “Unfortunately after many months attempting to raise finance in order to  complete regeneration and development projects, new funds have not been secured.  The directors felt that there was no other option but ...

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