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THE COMPANY which owns the former creamery in Taddiport near Torrington has gone into receivership.
The site was once the town's biggest employer, but has more recently become a blot on the area's landscape.
Newton Abbot-based company Kingscourt Homes Ltd had plans to redevelop the site.
However, the company is now in the hands of the receivers, according to Companies House.
The sole director of the company, Ian Robert Mitchell lives in Phuket, Thailand and Kingscourt Homes' phone line is no longer connected. However, its website is still running.
Torrington councillor, Geoff Lee, told the town council the owners of the Torridge Vale Creamery site had gone into liquidation.
He said: "But every cloud does have a silver lining. Torridge District Council's planning officers are meeting with HSBC, who I understand have taken over the site.
"They are looking at plans for the site and something is likely to happen more quickly than it was going to before."
A planning application to build 125 homes on the site was refused by Torridge District Council and its decision was supported by the Planning Inspectorate in January 2008. The refusal centred around the site being predominately used for housing and not employment.
Kingscourt Homes Ltd carried out a public consultation on plans to build 73 new homes, a shop, 11 employment units and a riverside office on the site in October 2009.
However, the plans were never formally submitted to the council.
The derelict site has also plagued local residents as an eye sore.
Some have seen it as an "accident waiting to happen" after debris and steel have been left around the site.
Neighbours have reported groups of youngsters going drinking at the site and there have been calls, backed by police and councillors, for it to be properly secured.
It is understood to have asbestos and has also been the location of two suicides.
Mr Lee later told the Journal: "One of the biggest problems with the site has been it being in private ownership. Hopefully it will now be made safe."
The site shut finished as a dairy in 2006 following the closure of Robert Wiseman Dairies and the loss of 100 jobs to Torrington.
Dairy production in Torrington dates back to 1872 when the old railway line enabled milk to be delivered from Torrington to London in the same day.
Also did some filming maybe not everyones cup of tea but was fun to make, http://youtu.be/-VtKLGVOlIE
The site was once the town's biggest employer, but has more recently become a blot on the area's landscape.
Newton Abbot-based company Kingscourt Homes Ltd had plans to redevelop the site.
However, the company is now in the hands of the receivers, according to Companies House.
The sole director of the company, Ian Robert Mitchell lives in Phuket, Thailand and Kingscourt Homes' phone line is no longer connected. However, its website is still running.
Torrington councillor, Geoff Lee, told the town council the owners of the Torridge Vale Creamery site had gone into liquidation.
He said: "But every cloud does have a silver lining. Torridge District Council's planning officers are meeting with HSBC, who I understand have taken over the site.
"They are looking at plans for the site and something is likely to happen more quickly than it was going to before."
A planning application to build 125 homes on the site was refused by Torridge District Council and its decision was supported by the Planning Inspectorate in January 2008. The refusal centred around the site being predominately used for housing and not employment.
Kingscourt Homes Ltd carried out a public consultation on plans to build 73 new homes, a shop, 11 employment units and a riverside office on the site in October 2009.
However, the plans were never formally submitted to the council.
The derelict site has also plagued local residents as an eye sore.
Some have seen it as an "accident waiting to happen" after debris and steel have been left around the site.
Neighbours have reported groups of youngsters going drinking at the site and there have been calls, backed by police and councillors, for it to be properly secured.
It is understood to have asbestos and has also been the location of two suicides.
Mr Lee later told the Journal: "One of the biggest problems with the site has been it being in private ownership. Hopefully it will now be made safe."
The site shut finished as a dairy in 2006 following the closure of Robert Wiseman Dairies and the loss of 100 jobs to Torrington.
Dairy production in Torrington dates back to 1872 when the old railway line enabled milk to be delivered from Torrington to London in the same day.
Also did some filming maybe not everyones cup of tea but was fun to make, http://youtu.be/-VtKLGVOlIE