The curse of Craighouse strikes again: Another company collapses

Land Engineering Limited, a company working on the Craighouse development, has gone into adminstration, according to the Broughton Spurtle. More from the BBC here. There were 139 jobs lost, but the Craighouse project contract is said to have been acquired by idverde. Craighouse was bought by Mountgrange Real Estate Opportunity Fund, after Mountgrange Capital had gone into adminstration. Mountgrange UK Ltd was put into liquidation in October 2014. The site is now owned by Clearbell.

The new build properties are being advertised already by Rettie. Do the prices Rettie are quoting today match the prices used to justify the application? Not by our calculations.

Thank you to all those who sent us links to this new information.

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This entry was posted in Clearbell, Finance, Mountgrange. Bookmark the permalink.

One Response to The curse of Craighouse strikes again: Another company collapses

  1. I’m slightly confused regarding the ownership of the Craighouse site. Your post, detailing the various hands the site has passed through, ends with “Mountgrange UK Ltd was put into liquidation in October 2014. The site is now owned by Clearbell.” Yet, when following the Clearbell link, they – curiously – claim ownership as 2011.

    Given the nature of developers, and one of the previous owners listed in the Isle of Man (ie offshore) have all these passes from hand-to-hand (with a remarkable amount of ‘liquidations’ in between) simply been a round of Monopoly?

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