PEOPLE owed money by a company run by the Worcester property tycoon Neil Grinnall are to find out where they stand at a special meeting.

Meanwhile, it has been revealed people are reluctant to buy the firm's houses.

Mr Grinnall, responsible for many luxury city centre flats and houses, was forced to call in receivers to sort out two of his companies last November.

Now accountants Moore Stephens are to give the latest news to creditors of Neil Grinnall Properties Ltd on Monday, February 9.

They were hoping to recover a debt running into millions of pounds by selling the firm's remaining homes and commercial units.

But estate agent Knight Frank admitted that some people had withdrawn from sales because of the firm's problems, though others had bought homes.

A spokesman for Knight Frank, which is itself a creditor, said: "We have had cancellations, but that is only natural when people don't understand the process. However, on the whole, we have sold more than we have lost.

"As a company, we will be sending a representative to the forthcoming meeting to see where we stand."

A division of Mr Grinnall's property empire, Neil Grinnall Homes, has been associated with Worcester for the past 15 years.

That firm's apparent success culminated in the opening of a new headquarters at Hadzor Hall, Droitwich, last year.

As well as buying the Grade-II listed hall itself, which he has since sold, Mr Grinnall also built 82 new Georgian-style townhouses on the 54-acre estate. The new meeting will take place at the Hadzor site.

Mr Grinnall was also responsible for converting the former Kays catalogue offices in The Tything and developing luxury apartments and townhouses in Diglis Road and Bath Road.

Mr Grinnall could not be contacted for a comment.