Statement about The Superior Real Estate Group Ltd

21/01/2008

Superior Group files Petition for Administration. On Friday 18th January, the AIPP received the following message from the Chief Operating Officer of The Superior Real Estate Group Ltd. 
 

MESSAGE RECEIVED BY AIPP, 18 JAN 08
 
“I am directed to advise you:  

- The directors of Superior Real Estate have presented a Petition for an Administration Order to the Court on 16 January 2008, this sad situation is the result of non and delayed payment of substantial funds from international developers.
 
- It is expected that the Administration Order will be made on or before Thursday 24 January 2008, following which Paul Harding and Derek Howell of PricewaterhouseCoopers LLP will be appointed as joint Administrators of the Company.
 
- Meanwhile, the Company has ceased trading and all employees have been made redundant.”
 
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Should you wish to find out more, you are advised to contact the Administrators.
 
Paul Harding and Derek Howell
PriceWaterhouseCoopers LLP
31 Great George Street
Bristol BS1 5QD
 
Tel: +44 (0)117 929 1500
 
 
 
 

     

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