I’m not sure what the senior management of Bach Homes, the developers of the Locarno, are on, but it seems to be very strong stuff. The housing market has nose-dived, Bach Homes are in administration, yet, if their managing director is to be believed, it is business as usual for the Locarno development.
The proposed developments at Victoria Hospital, Wootton Bassett and the Locarno are not affected by this administration and finance is being raised to allow these developments to commence early next year.
Seems he hasn’t noticed that credit is a bit difficult to get at the moment, unless your creditworthiness is perfect. A company in administration hardly fits that description.