The Grand Designs presenter, Kevin McCloud, could be facing a fresh crisis after it emerged that his flagship housing company may be at risk of being forced into insolvency. Were that to happen, it would deal a heavy blow to the hundreds of small shareholders who invested between £100 and £150,000 each in the eco-friendly homes business, and who have already had to contend with plenty of bad news. One of them, Robin Brookes, put £5,000 into McCloud’s company HAB Housing after it launched an equity crowdfunding campaign in 2013. “It is starting to look like I will be getting nothing back at all,” he said. In the latest annual email to Brookes and the other HAB Housing investors, McCloud apologised for the fact he was not able to write “with sparkling good news”. He revealed that HAB Housing owed £1.2m to another firm in his property empire, HAB Land, and that HAB Land’s liquidators at the accountancy firm KPMG had attempted to call in this loan. “HAB Housing cannot pay and could yet be forced into a formal insolvency process,” McCloud wrote. He added that he had written to KPMG to say that HAB Housing was in no position… Read full this story
- Who is Kevin McCloud and is the Celebrity Snoop Dogs narrator married?
- Grand Designs £27,000 eco-home in Wales burns to the ground
- I-T exemption on buying shares at discounted price in firms under insolvency proceedings
- When did Kevin Spacey come out as gay, what are the allegations against the House of Cards star and what’s his net worth?
- Everything is awesome! The brick-tastic brilliance of the new Lego House
- Kevin Durant calls push for him to sign with Wizards ‘cool’
- Inside Rangoli Chandel’s luxurious new house, designed by sister Kangana Ranaut
- You Can Now Personalize Your Porsche Design Watch
- Cat house: Cute & durable ones for your beloved pet
- The new rules of buying and selling a house in a coronavirus world
Grand Designs host Kevin McCloud’s housing firm at risk of insolvency have 326 words, post on www.theguardian.com at August 14, 2020. This is cached page on Europe Breaking News. If you want remove this page, please contact us.