MAR City Developments Limited (01813280): administration
- Status
- Administration ended
- Administration began
- 2016-05-24
- Administrators
- Antony David Nygate, Sarah Megan Rayment
- Administrators' firm
- BDO
- Formerly
- Solihull Contractors Limited
- Incorporated
- 1984-05-02
- Location
- Liverpool
- Industry
- 41100 Development of building projects
From the administrators' statement
The Company ts privately owned by Tony and Maggie Ryan, via its immediate holding company Mar 50 Limited.
The Company has two fully owned subsidianes, South Staffs Group Limited (‘SSGL’) and Terngate Limited (‘TL’) SSGL owns a development site in Colindale, North West London together with an investment/development property near Dudley, West Midlands TL owns a non-operational quarry outside of Wolverhampton
Due to uncertainties surrounding the working capital position of the Company, SSGL and TL, together with the accrued lability position, HSBC Bank Plc (‘Bank’ or ‘the Secured Creditor’) sought a detailed business plan from the directors
Administrators' statement of proposals (2016-08-15) · Companies House register