The development company of Grand Designs presenter Kevin McCloud, HAB Land, has collapsed into liquidation after bondholders rejected a plan to rescue the ailing firm.

Professional services giant KPMG said in a statement that James Bennett and David Standish from KPMG had been appointed joint liquidators of BAH Restructuring Limited, HAB Land Limited and HAB Land Finance PLC.

KPMG said HAB Housing had not been put into administration or liquidation, and neither have two companies, HAB at Lovedon Fields Limited and HAB at The Acre Limited, specifically overseeing individual developments.

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