Stewart Milne Group Ltd and Stewart Milne Homes North West England Ltd - Administration

Stewart Milne Group Ltd, a Scotland-headquartered housebuilder, and Stewart Milne Homes North West England Ltd, the company’s North West of England business, entered administration on 8 January.

Adele Macleod, Gavin Park and Matt Smith of Teneo were appointed joint administrators of the companies, and said that the administration was caused by the downturn in the UK housing market combined with an extensive sales process not resulting in any viable offers.

Adele Macleod and Matt Smith were also appointed administrators of five other entities within the Stewart Milne group.

Over 200 employees have been made redundant, while almost 60 employees working within the North West of England business have been retained.

There are dozens of outstanding charges registered against the companies, including several in favour of the Bank of Scotland.