Express & Star

Former owner of famous Beatties building hit with £1 million bankruptcy petition

The man behind a collapsed bid to redevelop Wolverhampton's former Beatties department store has been issued with a £1 million bankruptcy order.

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Pragnesh Modhwadia had planned to redevelop Beatties

The Insolvency and Companies Court made the order against Pragnesh Modhwadia,

Mr Modhwadia is the sole director of SSYS Beatties, which was formed in 2019 to redevelop the landmark building after buying it for £3 million.

He had drawn up plans to turn the building into 300 apartments, with retail use retained for the ground floor.