17th Sep 2021 06:57
One Heritage Group PLC - residential property developer in northwest England - On Thursday says the directors of two subsidiaries, One Heritage Maintenance Ltd and One Heritage Design Ltd, confirm their belief that each company is insolvent. OHM and OHD will hold general meetings by September 30, to place each company into liquidation.
One Heritage Group owns 47% of One Heritage Complete Ltd, which in turn owns 73% of OHM and 93% of OHD. The value of OHC in One Heritage Group's accounts was GBP285,459 on December 31.
"Other than the equity stake, the group has no exposure or commitments to OHC, to the above mentioned two subsidiaries or to any of its other subsidiaries," One Heritage Group says.
Current stock price: 44.78 pence
Year-to-date change: up sharply from 11.75p
By Ivan Edwards; [email protected]
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