The company behind an apartment building on the edge of Manchester city centre racked up almost £40m in debt as it collapsed into administration, it has been revealed.
The business was behind the 13-storey Sky Gardens development in Chester Road which includes 166 flats. BDO was appointed to oversee the process at DeTrafford Sky Gardens earlier this year.
In a newly-filed document with Companies House, BDO revealed that secured creditor Daiwa was owed £25.1m while Maslow was owed £11m. Other secured creditors were also owed £249,000. Unsecured creditors were owed £2.4m, the document also shows.
