£500,000 tax bill sees Liverpool property developer go bust
A controversial Liverpool development firm at the forefront of the buy-to-let student property has gone bust.
Middle England Developments (MED) has been put into administration by its owner, property developer Nigel Russell, after an attempt to reach a voluntary agreement with creditors broke down.
The firm is understood to have owed around £500,000 to Her Majesty’s Revenue and Customs, and it is believed the overall debts to creditors could be as high as around £3m …