Luxury house builder files administration notice

Luxury house builder Octagon Developments Ltd has filed a notice of intention to appoint an administrator.
The Surrey based firm was founded 45 years ago and specialises in luxury family homes within London and the Home Counties.
Latest results for the company show a turnover of £31.1m for the year to March 31 2023 generating a pre-tax loss of £4.3m.At the time of the results Octagon employed 93 staff and £11.5m was owed to trade creditors.Data and credit checking specialist Re