The Joint Administrators of the David McLean group, Nick Edwards, Bill Dawson and Carlton Siddle of Deloitte, have today announced the completion of the sale of David McLean Homes Limited, the house building business, to Elan Homes Limited.

Elan Homes is a new company formed by the former senior management team of David McLean Homes, led by John Kendrick (former Group Finance Director), and is backed by Barclays Bank.

Nick Edwards, Joint Administrator, commented: “We are delighted to have been able to secure a going concern sale of the house building business to Elan Homes. This sale will preserve a significant number of jobs, and also represents best value for the creditors of the David McLean group. Elan Homes has a strong management team, a strong financial base, and we are confident that they will be able to take the business forward on a stable footing.

“We are very grateful to all the staff of the David McLean group for their support during the administration process, and we wish them and Elan Homes every success for the future.”

The Joint Administrators were appointed over David McLean Homes on 27 October, and continued to trade the business whilst seeking a buyer. The company is a house builder operating in the North West, the Midlands, South Wales and the South West.

For enquiries relating to Elan Homes, please contact Nicky Hughes or Clare Coyne at Roland Dransfield on 0161 236 1122.

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Notes to editors:

About Deloitte
In this press release references to Deloitte are references to Deloitte & Touche LLP, which is among the country's leading professional services firms.

Deloitte & Touche LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu (‘DTT’), a Swiss Verein, whose member firms are legally separate and independent entities.  Please see www.deloitte.co.uk\about for a detailed description of the legal structure of DTT and its member firms.

The information contained in this press release is correct at the time of going to press.