How to go about investigating a developer's financial position?
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Hi,
I am due to complete soon on a purchase in the first development of a golfing resort. There are another 8 developments scheduled on this report due to complete over the next 2 years or so. I am trying to assess the risk that the developer may go bust before completing the entire resort as this would most likely permanently damage the value of the property I am about to purchase
Does anybody have any advice on how to go about this? I am drawing up a list of the developer's other projects and I guess the next step is to find out how many properties are unsold, how many are partially built and stuff like this. I also ordered a financial report on them over the net, but I'm still unsure of how to work out from all of this information what the risk factor is...
Any help or advice would be much appreciated
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A solicitor should be able to do this for a reasonable fee.
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is the company in question polarisworld?
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No, actually its Peninsula Project Management
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