The Courier has recently published a report ‘Fears for Fife firm Lomond Homes over debt to council‘ whereby it has been disclosed that Fife Council has taken initial action against Lomond Homes to recover £494,000 of debt owed through Section 75 Agreements for 2 areas, £300,000 which is due under agreements for the New Farm Vales development.

Fife Council asked Sheriff officers to serve a short form demand on Friday that requests payment within 48 hours from Lomond Homes to avoid Fife Council seeking further action, which could result in the local authority petitioning the court seeking the liquidation of the company.

You can read more about this latest development at: http://www.thecourier.co.uk/news/local/fears-for-fife-firm-lomond-homes-over-debt-to-council-1.64603

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8 Comments

  1. rob

    January 17, 2013 at 4:57 pm

    this will be great news for the residents who will have to pay up to 20 grand each to finish the site and pay this contribution,if you bring them down mark hood its your mess to sort out

    Reply

  2. rob

    January 18, 2013 at 12:25 pm

    thats the administrators in now
    not one penny will be coming to lochgelly
    thanks mark hood,sort this whole mess you caused out now

    Reply

    • Lochgelly

      January 18, 2013 at 12:41 pm

      I noticed Lomond Group will still be operating and are unaffected with the administration. Hopefully there will be recourse for residents to seek the completion of New Farm Vales (and other estates) from Lomond Group. We will be making a FOI request to see what further information we can find out, but it will take a while before we get any answers

      Reply

  3. IABrown

    January 18, 2013 at 5:21 pm

    At the Cowdenbeath Area committee meeting in September it was confirmed that a bond was in place to complete the roads and pathways in New Farm Vale. Cllr Chisholm asked this question on my behalf and was given the assurance that there would be no burden on the residents of New farm Vale to carry out this work.

    Reply

    • Lochgelly

      January 18, 2013 at 8:00 pm

      Thanks for the update, I’m sure residents will be happy to hear that the roads, etc. will be fixed without the costs being passed on to them. Thanks again.

      Reply

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