The firm behind controversial stalled developments in Liverpool says it will shut down once its projects are complete - but its boss says it will still be on hand to serve its clients.
Kerry Tomlinson, managing director of Primesite Developments says it is on a "two-year orderly wind down", and that once it has completed the Herculaneum Quay tower in Dingle and Strand Plaza apartments project - and "endeavoured" to finish its Rise site on Low Hill - bosses will "put [it] into a box and tie a ribbon around it".
Despite the announcement, Mr Tomlinson said the firm is "going nowhere from this city", and will "invest time to finish the schemes and deliver the products".
It comes a week after it was revealed on £40m The Rise project on the former Gregsons Well site, a project Mr Tomlinson said would not restart until next year.
He said: "I have no appetite to continue to try and present Primesite Developments to lenders when it's clearly had significant issues.
"So we will be finishing off Herculaneum Quay, we will be finishing off Strand Plaza and endeavoring to finish off The Rise.
"Once that is all done, then we will quite simply put that development company into a box and tie a ribbon around it."
The 17-storey Herculaneum Quay tower is one of several projects across the city to have stalled in recent years, with it coming after Mr Tomlinson's previous firm Herculaneumco collapsed.
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The collapse came last year after , leaving buyers and investors - who had collectively paid millions into the development - in limbo.
He said that came about because lender Amicus Property Finance - who the firm was using for both that development and The Rise - collapsed - an event he called a "fundamental blow".
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That was until an led by Herculaneum Quay Investor Group, where Mr Tomlinson is a formation director.
Providing an update on the development, Mr Tomlinson said it will be completed in spring 2020 - adding that the firm is "absolutely super excited" to see it finished.
He added that 93 of a total of 96 investors stayed with the scheme - aside from a few who were "fed up", and exited.
In terms of the , Mr Tomlinson said "all but five" of the 109 apartments are "completed and sold".
Strand Plaza Ltd - Mr Tomlinson's firm leading that scheme - is about to enter administration - a move he said was "purely as the scheme is funded and due to complete".
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He added: "Everyone will have their property as discussed but due to the funding situation, it’s the only route to completion."
In terms of The Rise development, Mr Tomlinson said last week that - and that it "lacks financial backing to finish them", partly due to economic uncertainty surrounding Brexit.
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He said the brand had been "significantly set back" by "failing to attract correct funding streams", with problems including Amicus going into administration.
He added: "The was a significant enough event for us to be less attractive to incoming funders. I have no intention of flogging a dead horse.
Work on The Rise development on Low Hill has stopped:
"But the message is very clear. We will be going nowhere from this city at all. Our offices are in this city. Our clients know where we are.
"Our details are on our website and we will continue to serve the clients.
"We are not looking at any further plans.
"I will continue in development but my ambitions are somewhat different to what they were 10 years ago when we set up.
"We are a Liverpool-centred business and will remain being Liverpool-centred."