The company contracted to carry out the Sixfields stadium development has been placed into liquidation after administrators realised no assets to pay creditors.
Northampton Borough Council are set to appoint Deloitte to oversee the liquidation of the firm which it says will give it direct access to information about the business.
Back in January 2015, Mazars LLP was appointed to oversee the administration of 1st Land, the firm chosen to project manage building a new ground for Northampton Town.
But the final practitioners report has revealed that during the 12-month administration period, no assets have been realised and none of its creditors have received payment so far.
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Read the full article at: http://www.northamptonchron.co.uk/news/local/northampton-town-stadium-developers-placed-into-liquidation-after-administrators-realised-no-assets-to-pay-creditors-1-7151695