Thursday, 2 February 2012

Property firm in Belfast goes into administration with £50million debts

After Belfast property firm, Herd Estates, entered administration in December, the administrators have taken control of a 500 acre estate in Scotland as well as a collection of antique paintings in an attempt to make up a proportion of the £50million owed. The company primarily owned a large number of high street shop units in towns across the UK. It came under pressure as a result of the property crash and after the firm could not find a buyer for its core assets the administrator was appointed. For your conveyancing solutions visit us!!

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