THE family which originally founded a Hartlepool-based housebuilding firm has told of their sadness after hearing it had gone into administration - but they stress they’re no longer linked to it.
The Yuill family say they no longer have links to Yuill Homes.
The Hartlepool Mail reported that Yuill Homes had gone into administration.
It led to Edward Yuill, the managing director of Mowden Park Estates, issuing a statement.
He said the sad news that Yuill Homes was under administration may cause some confusion with customers, suppliers and clients of Mowden Park Estate and associated companies of the Hartlepool-based Yuill family who sold the house building company in 2006.
Mr Yuill added: “We are, of course, disappointed that Yuill Homes has gone into administration.
“The company was founded by my grandfather, Cecil M Yuill in 1927 and has been responsible for a sizeable proportion of the region’s housing stock in the intervening years, building up to 1,000 homes every year at its height and employing some 500 skilled personnel.
“In 2006, however, we sold the entire company to Irish house builder, Taggart Holdings, and have had no commercial interest or responsibility since that date for the company.
“It restructured some two years later in 2008 but, again, this had nothing to do with the Yuill family who have since concentrated on other areas of estate management and land development, particularly our estate management division, Mowden Park Estates and our land company, Northumbrian Land.”
“Whilst we therefore regret this bad news to the town of Hartlepool and the consequential effect on individuals and suppliers, we must reiterate that, apart from the name, Yuill Homes has no longer any links to our own business which continues to trade successfully.”
Meanwhile, administrators acting for Yuill Homes are continuing the search to find a buyer.
The Hartlepool Mail was told that potential buyers had already shown an interest, and the administrators were “very hopeful” of being able to rescue the business.