Leeds Lumiere skyscraper firm seeks liquidation

Leeds Hippo · Post by **Leeds Hippo** » Sun 22 Aug, 2010 10:39 pm

Shame - It would have been some thing worth seeing - wonder what they will use the land for. I walk past the site each day and they must have spend 6 months drilling the foundation holes.http://www.bbc.co.uk/news/uk-england-leeds-11052964

Reginal Perrin · Post by **Reginal Perrin** » Mon 23 Aug, 2010 5:01 pm

Leeds Hippo wrote: Shame - It would have been some thing worth seeing - wonder what they will use the land for. I walk past the site each day and they must have spend 6 months drilling the foundation holes.http://www.bbc.co.uk/news/uk-england-leeds-11052964 What is there to liquidate though? Presumably hte deposits are held in trust but the hole in the ground will not be worth too much today surely.

Leodian · Post by **Leodian** » Mon 23 Aug, 2010 6:58 pm

Reginal Perrin wrote: Leeds Hippo wrote: Shame - It would have been some thing worth seeing - wonder what they will use the land for. I walk past the site each day and they must have spend 6 months drilling the foundation holes.http://www.bbc.co.uk/news/uk-england-leeds-11052964 What is there to liquidate though? Presumably hte deposits are held in trust but the hole in the ground will not be worth too much today surely. That just brought the Bernard Cribbins 'Hole in the ground' song to my mind! OK the Lumiere site is a bigger hole than Bernard was singing about, but a hole is a hole!

raveydavey · Post by **raveydavey** » Mon 23 Aug, 2010 7:04 pm

Reginal Perrin wrote: Leeds Hippo wrote: Shame - It would have been some thing worth seeing - wonder what they will use the land for. I walk past the site each day and they must have spend 6 months drilling the foundation holes.http://www.bbc.co.uk/news/uk-england-leeds-11052964 What is there to liquidate though? Presumably hte deposits are held in trust but the hole in the ground will not be worth too much today surely. The deposits are covered by an insurance policy that pays out if the firm goes into liquidation.Someone (I wonder who?) can then also buy the site from the liquidators and use it for either the original purpose, or something different.