Offshore Deal Saves Bewley Homes From Collapse

摘要

Housebuilder Bewley Homes has been rescued from collapse by an eleventh-hour rescue deal with Jersey-based investors.rnThe ￡65m-turnover group, which is based in south-east England, is understood to have run into financial trouble after Royal Bank of Scotland (RBS) withdrew credit lines in September.rnThis week Bewley confirmed it had agreed a refinancing deal and documents filed at Companies House show that it was struck with Sector Trust, an offshore fund run by directors Kevin Costello and Stuart McInnes. The deal involved the transfer of 13 developments.