His business epitomised the buy-to-let boom in city-living apartments.
At the time of collapse, it owned more than 500 flats, mostly in Leeds.
Bob Maxwell, partner at Begbies Traynor in Leeds and joint administrator of SRM Holdings Group, the company owned by Morris, said: “The bankruptcy was, I’m afraid, inevitable given the huge debts and significant guarantees held by creditors.”
The Leeds-based property business SRM Holdings plus 36 subsidiaries were put into administration last October.Morris was subsequently made redundant from his own company and was also bailed after being arrested during a series of raids by police investigating fraud and money-laundering allegations.
Morris was part of a consortium of Yorkshire businessmen which bought Leeds United in 2004 before the club was sold to former Chelsea chairman Ken Bates ten months later.
