Deveron Homes goes into administration

By Hamish Champ2018-07-09T14:44:00

Administrator points to contract delays and “significant levels of debt” at Scottish housebuilder

Scottish housebuilder Deveron Homes has gone bust, with blame for the collapse being put on high levels of debt and contract delays.

Five staff have been made redundant by administrator KPMG, which is looking for buyers of the firm’s assets, along with those of sister company Deveron Construction.

Deveron Homes was founded in 2002 through the management buyout of another housebuilder, RB Farquhar Homes. Deveron Construction was incorporated six years later.

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