STOURPORT property tycoon, Neil Grinnall, has called in the receivers after running up what are believed to be millions of pounds of debts.

The former oil rig worker has called receivers, Moore Stephens, into Neil Grinnall Properties Ltd and Neil Grinnall Classic Homes, while Neil Grinnall Homes, based at the luxurious Hadzor Hall in Droitwich, is the subject of a winding-up petition.

Mark Bowen, a partner at the Birmingham-based accountants, said: "We do not know at this point how much debt the two Neil Grinnall firms are in. We are still reviewing that."

It is hoped that the sale of unsold domestic and commercial units at new developments in Worcester and at Hadzor Hall will cover the debts.

The market value of remaining luxury apartments and townhouses alone comes to £5,317,000.

The value of the commercial units has not yet been released.

Mr Grinnall, elder son of popular Stourport town councillor and former mayor Mick Grinnall, who died two years ago, opened his new headquarters for Neil Grinnall Homes at Hadzor Hall last year.

As well as buying the Grade II listed hall itself, Mr Grinnall also constructed 82 new Georgian-style townhouses on the 54-acre estate.

A spokesman for the business said it was "highly likely" that its 10 employees would be made redundant.

Mr Grinnall, who bought his first property for renovation in Stourport for £12,000 and sold it for £24,000 five months later, was not available for comment when the Shuttle/Times and News went to press.