Midlands housebuilder collapses into administration

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TheBusinessDesk.com understands that property developer Piper Homes has collapsed into administration.

The Solihull-based firm saw turnover drop by almost half from £38m in 2021 to £20m in its accounts for 2022, citing a reduction in open market sales rates and “delays in achieving planning consent on new site starts” as factors to the year-on-year decrease in turnover.

It also reported a loss of £662,000, but expected turnover projections for 2023 to improve to be either comparable or higher than 2021, with 993 contracted plots in the pipeline.

Piper Homes had sites across the Midlands, particularly focusing on semi-rural locations, including Worcestershire, Warwickshire, Nottinghamshire, Oxfordshire, Gloucestershire and throughout the Cotswolds.

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Its sites in Nottinghamshire include

 link source - The Business Desk

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