SarahBell Posted March 15, 2011 Share Posted March 15, 2011 Peverel, the housing management business owned by Vincent Tchenguiz’s Consensus Business Group, has been placed in administration http://www.propertyweek.com/news/news-by-sector/finance-and-recovery/vincent-tchenguizs-peverel-business-placed-in-administration/5014923.article Quote Link to comment Share on other sites More sharing options...
Conrad Posted March 15, 2011 Share Posted March 15, 2011 Peverel, the housing management business owned by Vincent Tchenguiz’s Consensus Business Group, has been placed in administration http://www.propertyweek.com/news/news-by-sector/finance-and-recovery/vincent-tchenguizs-peverel-business-placed-in-administration/5014923.article If you have had any dealings with Peveral then you willl know how ruthless they are. Tchenguiz's nothing more than a scum-lord Quote Link to comment Share on other sites More sharing options...
koala_bear Posted March 15, 2011 Share Posted March 15, 2011 (edited) Peverel, the housing management business owned by Vincent Tchenguiz's Consensus Business Group, has been placed in administration http://www.propertyw...5014923.article I wonder whether they have enough realisable assets (given that it is only an OPco not a PROPco) to pay back the bank, or whether the bank will lose a large amount on the loan... Edited March 15, 2011 by koala_bear Quote Link to comment Share on other sites More sharing options...
Cozza Posted March 15, 2011 Share Posted March 15, 2011 If you have had any dealings with Peveral then you willl know how ruthless they are. Tchenguiz's nothing more than a scum-lord +1. Leaseholders should heave a sigh of relief. Perhaps some of them might get to own their own freeholds if these assets are sold. A good day for the little person! Quote Link to comment Share on other sites More sharing options...
koala_bear Posted March 15, 2011 Share Posted March 15, 2011 +1. Leaseholders should heave a sigh of relief. Perhaps some of them might get to own their own freeholds if these assets are sold. A good day for the little person! Unfortunately the company holding the assets doesn't appear to have gone in to administration just the operating company. Quote Link to comment Share on other sites More sharing options...
daedalus Posted March 15, 2011 Share Posted March 15, 2011 Actually, I think it is just the ownership holding companies which are in trouble. I think the business is fine. What a relief for all the leaseholders, eh? Quote Link to comment Share on other sites More sharing options...
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