Millionaire Yorkshire businesswoman Jan Fletcher’s Montpellier Estates firm has gone into voluntary liquidation as the fall-out continues from her failed Leeds arena legal challenge.
Montpellier’s future was thrown into doubt last month after receivers were called in to take charge of a portfolio of its land and property.
Now it has emerged that insolvency specialist Begbies Traynor has been appointed as the firm’s liquidator.
A notice published in the London Gazette, which formally logs UK company information, says Montpellier passed a resolution that it be voluntarily wound up at a meeting on August 7 at its head office in Harrogate.
As previously reported by the Yorkshire Evening Post, Ms Fletcher’s firm was ordered to pay £2m in costs to Leeds council in April after losing a £40m damages claim over the way the competition to develop the city’s new concert arena was handled.
The council issued its own winding-up petition against Montpellier on June 25 and later said it had given the company “every opportunity” to come up with the money.
Its petition prompted the firm’s largest creditor, banking giant RBS, to bring in receivers with the aim of securing the best possible return on several sites owned by Montpellier.
They included land in Holbeck that the company had earmarked for a two million sq ft residential and leisure development called City One.
The appointment of the receivers effectively left Montpellier without assets and facing the now-confirmed prospect of liquidation.
Leeds City Council has said it intends to pursue Ms Fletcher personally for the money it is owed.
The council’s winding-up petition has been discontinued following her firm’s decision to go into liquidation.
One-time businesswoman of the year Ms Fletcher could not be reached for comment yesterday.
She took the council to court following its surprise choice of Clay Pit Lane as the home of Leeds’s arena.
It had been thought her City One site and land next to Leeds United’s Elland Road ground were the only places in contention for the scheme.