# Yelcon Limited (00700033)

> Why UK company 00700033 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/00700033

- **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- Funding withdrawn / unable to refinance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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/00700033/filing-history/MzQ0ODM2MTU2MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/00700033

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.