Forums Forums Local News Docks Housing Development Gone Bust

The company developing those terrible lego houses on Wallasey Docks has gone bust. https://www.liverpoolecho.co.uk/news/liverpool-news/160-jobs-lost-outside-help-23954252

I don't understand how it is legal to create these companies specifically for certain developments without the owners having significant financial liability, they are often created and often go bust leaving the creditors to pay for the "mistakes" with a 19p in the pound return or similar.

Basically how can a subsidiary go bust when the parent company doesn't?

Shocking how many developments go bust.

That's capitalism for you. Corbyn might well have changed that. Starmer won't!

Ever heard of anyone being shot dead whilst attempting to escape from a capitalist country to make a better life in a socialist one ?

No, never heard of any, because there aren't any socialist states.

Corbyn is exactly the type that goes around shooting people after eating children for breakfast - remind me again how many people the UK Conservatives have killed, over quarter of a million is it and nobody blinks an eyelid! Life has become incredibly cheap under capitalist servitude.

And let's not look at the way America protected its people as compared to China.

America with 1,027,352 dead and China with 5,217.
America wi 3,070 deaths per million and China with 4.

Laughably, the Americans have deluded themselves that the Chinese are lying, despite the uninfected status of most ofChina being confirmed by western Journalists.

Has it been confirmed that the developers have indeed gone bust?

Gone bust my butt, more like they've realised their vile drywall timber framed piles of excrement wont sell for quarter of a million each.

Yes, and it turns out the Government's "Homes England" had money in this venture as well which isn't mentioned in the above article.

https://find-and-update.company-information.service.gov.uk/company/08765683

https://find-and-update.company-information.service.gov.uk/company/11705899

https://www.theconstructionindex.co.uk/news/view/government-backed-prefab-firm-collapses

What has shocked me more is how Wirral Council allow them to build this eyesore in the first place?
And how much will it cost the ratepayers to get rid of them?

Same as happened in Salford, Peel holdings convince the Council to pour money into their project with promises of wonders to come, eventually the Council are in so deep that they have to go along with anything Peel want.

The ExUrbe report on Wirral Waters and Liverpool Waters says ....

"It is hardly surprising that there is a perception Peel has local governance – if not local authorities themselves – in its pocket"…

SOURCE