Oakdene Homes calls in the administrators
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.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.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments