Home
About Us
Your Opinions
Contact Us
Our Services
News
Links

Latest News

DEBT LADEN TULLOCHS ARE FORCED TO SWAP DEBT FOR EQUITY.

(February 15, 2010)
LATEST ACCOUNTS REVEAL THAT DEBT LADEN TULLOCH HOMES HAD BREACHED ITS BANKING AGREEMENTS WITH BANK-OF -SCOTLAND AND HAD TO BE RESCUED BY THEIR BANKERS IN DECEMBER 2009 .BANK OF SCOTLAND  HAS HAD TO EXCHANGE THIRTY MILLION PONDS OF DEBT FOR EQUITY .
 
THIS STILL LEAVES TULLOCHS OVER £100 MILLION IN DEBT WITH MANY OF THEIR PROJECTS BEING ABANDONED FOR NIL CONSIDERATION WITH THEIR JOINT VENTURE PARTNERS.
 
REF ACCOUNTS NO SC 166347

Click here to return to the News page




Powered by Create Ecommerce