Torsion Developments to be liquidated
Summary
The High Court has ordered Leeds-based Torsion Developments to be wound up following a petition from Manchester-based Zentra Group. The article notes that the collapse comes after a period of significant growth, with the company reporting substantial completed and pipeline development values before liquidation.
Why it matters
This is relevant to surveyors because developer insolvency can affect project delivery, contract performance, and the status of residential schemes under construction. It may also have implications for valuations, due diligence, and risk assessment on affected or comparable developments.
Key points
- High Court ordered Torsion Developments to be liquidated.
- The winding-up petition was brought by creditor Zentra Group.
- Torsion Construction, a group division, had already gone bust in July with debts of more than £22m.
- The group had residential and mixed development activity across Yorkshire, the Midlands and Manchester.
- One of the on-site projects mentioned was Sky Gardens in Leeds.
Organisations:
Torsion Developments, Torsion Construction, Zentra Group, High Court, Companies House, Place North West
Locations:
Leeds, Manchester, Yorkshire, the Midlands
Read the original article
This is an RPSA summary of a publicly available article. The full content remains with the original publisher.
