Following the decision by the Financial Services Authority (FSA) of UK to shut down UK Land Investments, Lee Manning and Carlton Siddle of Deloitte & Touche LLP, the appointed Joint Administrators of the company, released a report on their findings a few days ago.
Creditors (including plot owners) of the company are advised to read the report and see what are the options available to them. The report is confidential so I do not wish to reveal too much of the details here.
Just for your information, the sole owner of UKLI is a person by the name of Baljinder Chohan. He has a number of companies in other countries that have similar names to UK Land Investments yet they do not have a common corporate parent. In addition, there were a number of loans by UKLI to these other companies which were made on non-commercial terms.
If you happen to have any dealings with these companies, I would encourage you to do the necessary due diligence before making any sort of commitment.