A Glasgow-based housing developer has been placed into liquidation, with liquidators confirming the business is expected to settle all outstanding debts in full.
Woodside Homes Limited has entered a members’ voluntary liquidation, a solvent winding‑up process initiated by shareholders. FRP Advisory has been appointed as liquidator following resolutions passed at a general meeting, according to filings at Companies House.
Documents show shareholders agreed “that the company be wound up voluntarily” and that FRP Advisory act as joint liquidators. A members’ voluntary liquidation is used when a company can pay all its liabilities but its owners choose to close it—often…