← Back to News

Belong Statement

August 22, 2019

Belong Statement re Pochin Construction Limited

Retail Charity Bonds plc (the “Company”) has noted that Pochin Construction Limited, which had been contracted for the construction of Belong Limited’s care villages at Birkdale and Chester, has entered administration.

Belong Chief Finance Officer Chris Hughes said: “It is of course deeply regrettable that a well-established firm such as Pochin’s has entered into administration and we sympathise with all those directly and indirectly affected. Belong will now be implementing its contingency plans, developed in readiness for this scenario. We are liaising with the administrators and our priority is to minimise disruption and delays so that we can complete the Birkdale and Chester care villages as closely to the original timetable as possible.”

The Company will issue further statements with any relevant updates.