Get all your news in one place.
100's of premium titles.
One app.
Start reading
The National (Scotland)
The National (Scotland)
National
Alasdair Ferguson

Housebuilder collapses into administration with homes unfinished owing £4.5 million

A Scottish housebuilder fell into administration leaving none of the homes on site complete. (Image: Getty Images)

AN Ayrshire-based housebuilder collapsed into insolvency, leaving homes unbuilt with administrators having to “forcibly gain entry” to the site after the company racked up more than £4.5 million in debt, it has emerged.

Hood Property Cardrona Limited had been working on a site near Peebles, building 20 homes, when it fell into the hands of administrators last year.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.