黑洞社区

Galliford Try and Croudace are understood to be among the firms considering a swoop on the assets of Oakdene Homes, which went into administration last week with estimated debts of 拢85m.

They are two of 35 candidates that have expressed an early interest in the sites of the 拢23m-turnover business.

Administrator Pricewaterhouse Coopers (PwC) has appointed property consultant Atisreal to market six large developments, including schemes in Newhaven, Southampton and the Isle of Wight.

Andy Yallop, chief executive of 拢100m-turnover Croudace, said the company had made tentative inquiries. 鈥淚t鈥檚 early days and I鈥檝e no idea if it will get anywhere,鈥� he said. Galliford Try declined to comment.

Berkeley Group has also been named as a possible buyer, and it is one of the few housebuilders with cash to spend. The suggestion was dismissed by chief executive Tony Pidgley. 鈥淲hy on earth would I want to go down that route?鈥� he said. 鈥淭hey have seaside developments and that鈥檚 a market you have to be very well established in.鈥�

Another industry source confirmed 鈥渁t least four or five鈥� private equity and investment funds were interested. He said: 鈥淭hey would take over one or all of the sites and either back a new management team or the existing group of directors.鈥�

It is understood former chief executive Carl Turpin is no longer a paid employee of the company, although he is said to be helping the administrator with the sale.

There have been a few redundancies from the board but Turpin remains a director. PwC said the firm鈥檚 42 staff will be kept on for the foreseeable future.

A source close to Oakdene said the fact the company specialised in more expensive home market, which has been hit especially hard by the downturn, was an obstacle in securing the support of its banker, RBS.