Firm employs more than 50 staff and owns a number a sites marked for redevelopment
Some Yuill homes in Darlington
Hartlepool-based housebuilder Yuill Homes has gone into administration.
The house builder, which was originally established in 1927, was purchased by Cecil M Yuill Limited in 1993 and trades from premises in Hartlepool, employing more than 50 staff.
It is currently working on a single development site in Brierton Lane in Hartlepool and also owns a number of other sites for future development.
Steven Ross and Ian Kings of Baker Tilly have been appointed joint administrator.
And Mr Ross, a restructuring and recovery partner, said: " Yuill Homes is a well-known brand in the North-east housing market but, due to the high level of debt finance, was placed into administration to protect the value of its assets for the benefit of creditors.
"The company will continue to trade while we seek a buyer for the business on a going concern basis.
"Our immediate priorities are to speak with employees, suppliers and other stakeholders as well as those people who are in the process of buying a new home from the company."
Any enquiries from interested parties should be directed to Steven Brown at Baker Tilly on 0191 511 5000.
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