Current news for this company:
British American Homes - Homes, Townhomes
An alleged townhome and home builder from South Florida, British American Homes, filed for Chapter 11 bankrupty protection only to get pushed into Chapter 7 bankruptcy. Per the Orlando Business Journal:
Further to the article, all forms of contact with British American Homes have been disconnected. Was British American actually a builder; in other words, did they do anything other than merely accept the deposits of would-be homebuyers? If you have any further information, please let us know.
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Important: This company is on our list of builder operations that have "imploded" (see also ailing lenders). This is a somewhat subjective call, and does not necessarily mean total shutdown or bankruptcy. It can also mean steep and rapid declines in enterprise value; or abnormal "bail-out" by corporate parents or peers in order to continue to operate. The builders may be residential or commercial.