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Birmingham Post
Birmingham Post
Business
Jon Robinson

Prospective home owners owed £4.4m face extension to five-year wait after company's administration

Prospective home owners will have to wait to see if they will receive any of the £4.4m they are collectively owed following the collapse of the company behind a Salford Quays apartment scheme.

Furness Quay Phase 1 Limited entered administration at the start of November after the transformation of the former Custom House office building stalled.

Investors first put down 50% deposits in 2017 ahead of work starting on the 44-apartment development.

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