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DeTrafford’s Gallery Gardens: Investors Seek Justice
Revelations surrounding the collapse of two companies behind the ambitious £94m Gallery Gardens development in Manchester have left a trail of distress for investors. The companies in question, DeTrafford Regiment Limited and DeTrafford Gallery Gardens Block A Limited, entered administration. Leaving behind debts totalling over £40m. We explore the circumstances leading to the collapse and…
Read MoreDeTrafford Downfall: Collapsed Ventures and Investor Claims
The recent financial collapse of multiple DeTrafford property development companies has significantly impacted investors. With failed projects and rising debts, the company’s future remains uncertain. As investors navigate the consequences, a glimmer of hope arises as we delve into bringing claims against third parties. In this article, we explore the troubled history of DeTrafford and…
Read MoreConstruction Firms Face Financial Pressure, Leading to Insolvency
The construction industry is currently going through a challenging phase, as shown by recent data from the UK’s Insolvency Service. During the first quarter of 2023, there was a notable increase in insolvencies. With construction companies making up nearly 1/5th of all recorded cases. This figure amounts to 19% of known insolvent firms. This is…
Read MoreOverdue Invoices and the Rise in Insolvency Figures
Insolvency figures were off the charts in England and Wales in March 2023. The latest data shows a 30% increase in companies going under with a rise in overdue invoices. It’s a rough time for businesses, particularly those in hospitality, retail, and travel. In the wake of COVID-19, the economy is still in chaos. Moreover,…
Read MoreShould Politics and Reputation Be Added to Due Diligence?
I read an article this week by Jeff Berkowitz, founder and CEO of Delve, a competitive intelligence firm. They help companies assess political and reputational risks. He raised an interesting and important question. Should investors add politics and reputation to their life of due diligence? Jeff’s answer to this is yes, and he makes a…
Read MoreInsolvencies at Four Year High
It was reported this week that company insolvencies are the highest they have been in four years; with Directors voluntarily closing up shop. This is due to a rise in Company Voluntary Liquidations (CVL’s). Trading conditions in the UK remain tough after the couple of years of lockdowns. Not to mention the rising cost of…
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