Wbg was appointed administrator of the company and said creditors include the contracted builder and a lender.
Scottish housing developer collapses into liquidation. (Image: Getty Images)
A spokesperson for the administrators said the company was created for new homes at Strachur.
“Bay Homes is an SPV (Special Purposes Vehicle) for a residential development at Strachur, Loch Fyne.”
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The spokesperson also said: “The site has planning consent for 16 properties, 14 have been built and sold and the remaining two will shortly be marketed for sale.
“Based on information provided by the directors, there are no employees and the main creditors are Prydis Trustees as secured lender, the contracted…