Hollins Homes enters liquidation

The North West housebuilder has gone bust with liabilities of £11.2m. 

Founded in 2015 by lawyer Stephen Goodman, Hollins Homes is in the process of being liquidated after several of its schemes stalled recently. 

Place North West reported earlier this month that the company was on an unsteady footing following the collapse of a number of its special purpose vehicles. 

Two SPVs set up to deliver schemes in Lancaster and Garstang totalling around 140 homes were placed into administration by debt provider United Trust Bank. 

In total, six entities connected with individual Hollins Homes projects have entered administration or liquidation in the last month. 

Now, Hollins Homes, which employed 15 people, is being wound up. 

Documents filed on Companies House show the company has total liabilities of £11.2m. The majority of this – £9.4m – is owed to companies connected to Hollins Homes. 

Slightly more than £1m is owed to trade creditors and just shy of £600,000 of the debt pile is attributed to directors and shareholders; Goodman is owed £196,000, according to a statement of the company’s affairs.