Stewart Milne owed its bank £108m at time of collapse

By Daniel Gayne2024-02-22T12:20:00

Housebuilder offered to 50 firms in doomed last-ditch effort to find buyer

Stricken hosuebuilder Stewart Milne Group went down owing the Bank of Scotland £108m, an administrators’ report has revealed.

The Aberdeen-based business stopped trading last month after the appointment of Teneo Financial Advisory on 8 January, having failed to find a white knight in a months-long search for a buyer.

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