Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Developer goes into administration

Welsh residential developer Meadgate Western has been put into voluntary administration by its directors.

The company has ceased trading and its 16 subsidiaries are expected to follow suit over the next few days.

PriceWaterhouseCoopers has been appointed administrator.

In the company’s latest audited accounts - to the end of April, 2007 - it posted pre-tax losses of £813,000 on a turnover of £21 million.

Formed in the early 1990s, one of the group’s first projects was the Cefn Mably development, on the outskirts of Cardiff. It was in this estate where the first Welsh new-built home worth £1 million was sold.