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Crossfield Living was delivering homes for First Choice Homes Oldham. Credit: via planning documents

Crossfield Living to be liquidated 

Following on from the collapse of Crossfield’s construction arm earlier this year, the company’s development division is also being wound up. 

Begbies Traynor has been appointed to manage the liquidation of Liverpool-based Crossfield Living, which owes creditors more than £3m, according to documents seen by Place North West. 

In April, Crossfield founder David Cain told Place he hoped to pay off creditors of Crossfield Construction and while keeping Crossfield Living going. 

Read the full interview with David Cain about the collapse of Crossfield Construction

Cain had hoped a £3m cash injection from London funder Daniel Moretti would allow him to pay off Crossfield Construction’s supply chain in full after a period he described as “absolute hell”. 

However, the outcome for creditors and staff is now unclear following the collapse of a second group business. Moretti is listed as a creditor being owed £1m by Crossfield Living, according to documents seen by Place.

Cain was contacted for comment. 

“Today, we can confirm our appointment as joint liquidators of Crossfield Living Limited,” Jason Greenhalgh, partner at Begbies Traynor in Liverpool, said.

 “We are contacting all known creditors to outline what this means, what the next steps are and we will be fulfilling our statutory duties over the coming days, weeks and months. The company has faced financial challenges in recent times with rising costs, loss of contracts and Covid restrictions being some of the reasons.” 

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Shame that, they were building a project for Torus in the Baltic, and were about to start on a hotel in the same location.

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