Bluegen Limited (03249978): administration
- Status
- Administration ended
- Administration began
- 2022-04-19
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1996-09-16
- Location
- Leeds
- Industry
- 68320 Management of real estate on a fee or contract basis
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated in September 1996 and was initially incorporated as a vehicle for purchasing properties in and around London that required renovating. The properties were then sold for a profit once the renovation work was completed.
This continued for a number of years and the amount of properties in the portfolio that the Company owned steadily increased. From September 2001, Mr Shaun Collins owned 51 of the 100 ordinary shares and Mrs Nicola Oberman (Mr Collins’ former partner) owned 49 of the ordinary shares. Mr Collins and Ms Oberman had been involved in a long running legal dispute in relation to various properties either owned by the Company, by Mr Collins on trust for the Company, Mr Collins personally or properties owned jointly by Mr Collins and Ms Oberman.
The judgement to the legal dispute was made on 21 December 2021 and, as a result of the findings of the legal dispute, a bankruptcy petition was issued against Mr Collins and he sought legal advice as a result. Mr Collins’ solicitor contacted Julian Pitts and Louise Longley on 28 March 2022 to discuss the Company's affairs as it was likely that Mr Collins would be made bankrupt. As Mr Collins was due to be made bankrupt, he would be unable to act as the director of the Company.
Administrators' statement of proposals (2022-06-16) · Companies House register