The corporate had been constructing homes for 20 years.
The corporate has been positioned into voluntary liquidation. (Picture: Getty)
A UK housing developer has plunged into liquidation after being in enterprise for 20 years. Glasgow-based Woodside Houses Restricted has been positioned right into a members’ voluntary liquidation and should now settle all excellent money owed in full, which it’s anticipated to do.
FRP Advisory has been appointed because the liquidator following a common assembly, in accordance with public paperwork on Firms Home. Shareholders have agreed “that the corporate be wound up voluntarily” beneath the method used when a agency will pay all of its liabilities, however its homeowners nonetheless select to shut it.
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The corporate had been constructing homes since 2006. (Picture: Getty)
Woodside Houses shouldn’t be the one Scottish housebuilding firm to face monetary hardship just lately. Earlier this month, Wbg was appointed administrator for Bay Houses.
The corporate was created to supervise the constructing of latest properties within the Scottish village of Strachur, which has already confronted “important completion delays and value overruns”.
Filings on Firms Home confirmed Bay Houses was included in 2020, and is now listed as being in administration.
Only one month prior, 107 corporations in Scotland registered insolvencies – 6% increased than April 2025. Of those, 53 have been collectors’ voluntary liquidations, 49 obligatory liquidations, and 5 administrations.
Giuseppe Parla of Menzies LLP mentioned this was the results of mounting stress on enterprise charges alongside “persistent geopolitical uncertainty”.
The development, wholesale and retail, actual property, and meals and beverage industries have all been affected by the upper prices, tighter credit score, and fluctuating demand.
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