Major British housebuilder collapses into administration with 77 jobs at risk

1 sources1 storiesFirst seen 6/29/2026Score26Breakthrough

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Major British housebuilder collapses into administration with 77 jobs at risk.

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A South West housebuilder partly owned by former Conservative MP David Heathcoat-Amory has collapsed into administration, putting 77 jobs at risk after efforts to secure a rescue deal failed.Devonshire Homes Limited has appointed administrators from Alvarez & Marsal Europe LLP to oversee the insolvency process after being unable to find fresh investment or raise sufficient funds through asset sales.Only Devonshire Homes Limited has entered administration, with other associated businesses and developments within the wider group remaining unaffected.The company had been attempting to avoid insolvency in recent weeks after filing a Notice of Intention to appoint an administrator, a legal process that provided 10 business days to pursue a rescue plan.

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TRENDING Stories Videos Your Say During that period, the business explored several options, including securing external investment and disposing of assets to improve its financial position.Those efforts were ultimately unsuccessful,...

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