Scotfield Group Limited (02372140): administration
- Status
- In administration
- Administration began
- 2024-11-19
- Administrators
- James Richard Clark, Howard Smith
- Administrators' firm
- Interpath Advisory
- Formerly
- Scotfield Limited
- Incorporated
- 1989-04-14
- 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- Funding withdrawn / unable to refinance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
- Rising interest rates
From the administrators' statement
Incorporated on 14 April 1989, Scotfield was formerly a construction company with a focus on commercial developments, although it paused external trading and development activities in 2019. More recently, it operated as the parent company undertaking management functions for the Group. Its registered office was in Leeds, West Yorkshire.
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 owned jointly by Martin Rapley (96%), Mary Rapley (1.5%) and Terence Padian (2.5%). 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