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20 Sep 2009 00:00 by rowlandsbb Star rating in Gloucestershire &Hue.... 776 posts Send private message

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Does anyone have reliable information on the situation regarding Torrevisa applying for administration?

 



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21 Sep 2009 08:40 by mariadecastro Star rating in Algeciras (Cadiz). 9336 posts Send private message

Legal Questions? Speak to Maria Direct

We have a solvency report of the company dated September the 14th 2009 and it does not look like it, the rate of solvency risk is medium low. It is true that solvency seems to be decreasing but still not bad.



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Maria L. de Castro, JD, MA

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Director www.costaluzlawyers.es

El blog de Maria



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21 Sep 2009 09:22 by rowlandsbb Star rating in Gloucestershire &Hue.... 776 posts Send private message

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That is very good news for  many people



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21 Sep 2009 09:34 by ads Star rating. 4022 posts Send private message

 

 



This message was last edited by ads on 21/09/2009.



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27 Sep 2009 21:01 by conrad Star rating in Milton Keynes and Dr.... 298 posts Send private message

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have they not now applied for bankruptcy protection and have declared debts of 102million euros





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28 Sep 2009 09:11 by rowlandsbb Star rating in Gloucestershire &Hue.... 776 posts Send private message

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Conrad -What is your source of information?



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28 Sep 2009 09:25 by rob6578 Star rating. 103 posts Send private message

rowlands:

If you type Torrevisa-Masa into google you will see dozens of references to this company applying for administration.

Have a look at the following which seems to set out the situation:

http://www.torrevieja.com/eng/index.php?news=1707

 

 





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28 Sep 2009 09:45 by rowlandsbb Star rating in Gloucestershire &Hue.... 776 posts Send private message

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I was aware of the reports but previous post on this thread seems to question this fact [ see below] 

Lets hope that they come out of administration in due course and complete any unfinished buildings

 



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28 Sep 2009 12:03 by M11block Star rating. 179 posts Send private message

Hi does anyone know if Torrevisa-Masa, Procumasa, and Procobar Masa are all subsidiary companies of Grupo Masa?

 





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28 Sep 2009 12:54 by rob6578 Star rating. 103 posts Send private message

M11block:

There was a thread here about Grupo Masa but I can't find it now, but I do remember a statement saying that Torrevisa-Masa are not part of Grupo Masa. Masa international is a sales company, Grupo Masa are builders. Don't know about the other companies.





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28 Sep 2009 17:58 by conrad Star rating in Milton Keynes and Dr.... 298 posts Send private message

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Grupo Masa are not associated with Torrevisa/Masa grupo are a different company Torrevisa brought Masa International in 2003





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29 Sep 2009 11:44 by M11block Star rating. 179 posts Send private message

Thank you for the information. R





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20 Jan 2010 20:25 by puertosal Star rating in Torrevieja. 1 posts Send private message

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Hi. MASA International and Grupo Masa are two companies not related to eachother. Grupo Masa is a builder, headquartered in Alicante, and MASA International is a real estate agency headquartered in Torrevieja.

As far as I know from reliable sources, MASA International finantial situation is solid, with low expenses and a good number of sales every month.



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