Developer says renovation of Wolverhampton landmark will still go ahead, despite dissolution threat
The boss of a company behind plans to renovate a landmark building in Wolverhampton said the scheme was still on track, despite the business being put under threat of dissolution.
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BZ Property Holdings Ltd, which bought the former Wolverhampton Eye Infirmary six years ago, has been given notice by the Registrar of Companies that it intends to dissolve the company within two months.
The action was taken after the company failed to submit its accounts by a deadline of October 31.
But director Zed Ahmed said this was an oversight by his accountants, and would be resolved next week.
The notice gave the company until March 14 to submit its accounts, with failure to comply resulting in the company being dissolved and its assets seized by the Crown.
In April 2023, the company was granted planning permission to create 50 apartments at the Compton Road site, along with a school for pupils with special educational needs, an eating disorder clinic, and shops. This was later increased to 95 apartments.
Mr Ahmed added that the site was no longer owned by BZ Property Holdings, but three separate holding companies of which he was a director, although BZ Property was still overseeing the redevelopment of the site, he said.
