Even Peverel Retirement has the odd bit of good news.
Coming so soon after the loss of another 25 Mcarthy and Stone retirement developments, they must be heartened by the award of a management contract for Radbrook House Shrewsbury.
Far be it for About Peverel to "rain on the parade" but in the interests of openeness and transparency it is fair to point out that the company they won the contract from is under severe financial distress and quite probably on the brink of going out of business.
Morris Residential is actually listed as a dormant company, whilst the parent company Morris and Co made a loss of £783,000 in the year up to December 2012.
It would appear that the directors of the company have resigned.
Not quite the "win" Peverel would have you believe!
More like two sinking companies combining to cling on to passing driftwood.
