Oakdene Homes calls in the administrators
Friday 23 January 2009
Oakdene Homes, the property developer that grew on the back of strong property prices in the South-east of England in recent years, called in the administrators yesterday after failing to reach an agreement with lenders about debt.
The group's shares were suspended yesterday after negotiations with banks about the repayment of outstanding credit lines collapsed. The talks have been going on since September when the company announced it had breeched debt covenants. The group's shares have lost 91.6 per cent of their value in the last year.
Liam Neeson's Downton dreams
Thriller is set in the secret world of British espionage
- 2 Scottish independence live: Scotland gives a clear 'No' in historic referendum - as it happened
- 3 iOS 8 is full of shiny new features - but it's terrible news for app developers
- 4 Friends 20th anniversary: Six things we wouldn't have without influential comedy series
- 5 Scottish independence: Tory revolt against 'devo max' grows as Rail Minister Claire Perry joins
Scottish independence referendum results: David Cameron pledges plans for 'English votes for English laws' by January
Scottish independence live: Scotland gives a clear 'No' in historic referendum - as it happened
Scottish referendum results: David Cameron set to unveil major devolution of powers to England
Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
Scottish independence: Tory revolt against 'devo max' grows as Rail Minister Claire Perry joins
iJobs Money & Business
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...
£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...
To £85,000 + banking benefits: Saxton Leigh: You will be expected to carry out...