Asset managers at ROM Capital are said to have been instructed to offload the Connaught
Square site, which had been earmarked for a pounds 150 million scheme, comprising 658 apartments, a four-star hotel with sky bar and a new Irish Centre.
The company was part of the failed Connaught
Group but is not in administration and is now under the ownership of the group's bankers.
It is unlikely they will be paid and one Southport business faces ruin with 30 staff left without jobs Connaught
, which hired subcontractors to work on social housing, went into administration in September.
Administrator KPMG, which was brought in last week, said eight Connaught
contracts will be transferred to Mears, a social housing repairs provider, and it was "hopeful"that some of the 600 redundant staff who worked on the contracts would be re-employed.
KPMG was brought in as administrator for Connaught
''s main company as well as subsidiaries Connaught
Partnerships and Connaught
There were also hopes hundreds of other jobs in South Wales would be secured after Connaught
was rescued in a deal to sell the bulk of its social housing division.
went into administration earlier this week after failing to secure funding for its pounds 220m debts.
UK construction and regeneration group Morgan Sindall (LON:MGNS) said Friday it had entered a definitive deal to buy most of the assets and contracts of troubled social housing and compliance group Connaught
(LON:CNT) for a discount price of GBP28m (USD43.
, the Exeter-based social housing maintenance group which employs a workforce of 10,000, called in administrators KPMG on Tuesday night after talks with lenders and investors over additional funding ended in failure.
GWYNETH Paltrow loved her room at London's Connaught
Hotel so much.
, who secured a contract to clean the Metro network over the next five years, are investing in NVQ training for staff.
Road residents should take a more considered and reasoned view (Walk To Church, 16.