
Merchant Homes Partnerships Ltd: What You Need to Know About the Liquidation
The company behind the unfinished Easterhouse estate and the Rangers FC flats project has ceased trading and made 22 staff redundant. Merchant Homes Partnerships Ltd, a Glasgow-based housebuilder that specialised in private and social residential housing, has entered liquidation after failing to survive the challenges of the construction industry. The company, which had contracts worth around £20m across Scotland, has appointed joint provisional liquidators from Opus Restructuring & Insolvency to oversee its affairs. The reasons for the liquidation The liquidators cited “unsustainable cash flow pressures” as one of the main reasons for the decision to cease trading. They said that…