Magna Holdings Limited (01405493): administration
- Status
- Administration ended
- Administration began
- 2013-02-21
- Administrators
- Toby Scott Underwood, Lyn L Vardy
- Administrators' firm
- PwC
- Formerly
- Lemmeleg Building & Contracting Limited; Lemmeleg Limited
- Incorporated
- 1978-12-14
- Location
- Leeds
- Industry
- 41100 Development of building projects
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
Magna Holdings Limited and Magna (Yorkshire) Investments Limited are part of a group of property companies owned by the same shareholders The group has been active in the Yorkshire property development market since 1978, specialising 1n finding sustainable uses for ‘difficult’ developments
Holdings 1s a non-trading holding company It has shares in Magna Agricultural Limited and Trinity Agencies & Services Limited, both of which are not subject to insolvency proceedings Investments 1s the main trading company in the group which owns and operates all of the assets that are subject to the administrations Further details on the Companies’ assets are set out later in this report
Eastgate is another company in the group which we are not appointed over It ownsa land asset which is held as security in respect of Holdings’ debt to the Bank
Administrators' statement of proposals (2013-05-03) · Companies House register