Most of the 17 jobs jeopardised by a north housebuilder going into administration have been secured.
Ptarmigan Homes confirmed yesterday that it had acquired the assets of Roy Homes Ltd and Roy Homes Timber Frame Ltd which went bust last month.
The management team of Roy Homes has put together a successful package to acquire the majority assets of the former bespoke house builder and timber frame kit supplier, and its sister company Roy Homes Timber Frame Ltd.
It plans to merge the firms with its recently-formed business Ptarmigan Homes Ltd.
Company spokesman Martin Roy said: “We were delighted to have been given preferred bidder status last week and, after a competitive bidding process, to have acquired the assets.
“Ptarmigan Homes will now focus on working to complete all former Roy Homes projects. We’re very grateful for the continued support of our customers, staff, suppliers and sub-contractors.
“Under the agreement, Ptarmigan Homes has purchased the significant assets, goodwill, house designs and client contracts.”
He added: “We’re pleased to have offered new employment contracts to many of our previous office and site management staff.”
He said the intention is to employ additional staff in the coming weeks.
Ptarmigan Homes will continue to offer a bespoke design and build service, fixed price builds and continue to supply timber frame kits across the UK.
Roy Homes and sister firm Roy Homes Timber Frames called in administrators FR Advisory in January when it became clear they could no longer trade.
At the time, a spokesman for another associated company, Roy Homes Developments, which shared a common management team with Roy Homes, said an offer had been made to acquire the assets of the other two.
It is understood that, at the turn of the month, fewer than 10 existing projects were incomplete.
