Lisa
Hi there, we were considering a ‘new build’ and I’ve read most of the comments here about avoiding new builds like the plague. Which after doing a bit research I’m inclined to agree. However, I did check out an independent builder company for a new build option (prior to seeing this site), who have been around since 2001. I did a quick checklist and yes the builder is registered on MBC and LBP, and had pretty good reviews etc. However, they were removed from the companies register in 2021 and then the directors incorporated a trust company at the same time. And as far as my research can tell and limited knowledge of this stuff, the directors are only directors/shareholders of trust companies now, and it doesn’t look like the removed company is ‘trading as’ under a different company. I don’t know if they were removed by the register for being non-compliant or if they amalgamated into this trustee company.
Does that mean anything (dubious) or nothing to worry about at all as it’s common practice.
Apologies in advance if this is dumbest question ever!