Dunbar housebuilder Salo Property Services falls into administration

Lenders had raised concerns for around two years over unpaid loans and lack of clarity on completion costs, eventually forcing the company into administration. Administrators struggled to contact directors initially and called in security firm Clearway to secure the site before later making contact with a director.

The three part-built houses will be marketed for sale, with a valuation under way and several expressions of interest already received. Creditors have been notified; the company had no employees when administrators were appointed.