Yelcon Limited (00700033): administration
- Status
- In administration
- Administration began
- 2024-11-19
- Administrators
- James Richard Clark, Howard Smith
- Administrators' firm
- Interpath Advisory
- Formerly
- Yelpers Limited
- Incorporated
- 1961-08-03
- Location
- Leeds
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Property / lease costs
- Parent or group failure
- Rising interest rates
From the administrators' statement
Incorporated on 3 August 1961, Yelcon was a construction company with a focus on residential developments. Its registered office was in Leeds, West Yorkshire. The Company forms part of a wider Group together with Camstead and Scotfield.
The Company had three statutory directors at the date of appointment of the Joint Administrators: Martin Rapley, Jonathan Rapley and Terence Padian.
The Company is 49.9% owned by Scotfield, with Martin Rapley owning 43.6% of the shares, Jonathan Rapley owning 6.4% and Terence Padian owning 0.1%. Prior to insolvency, the Companies were under the common control of Martin Rapley, who acted as Executive Chairman of the Group.
Administrators' statement of proposals (2024-12-31) · Companies House register