Hudson & Mcdonald Estates Ltd (04066621): administration
- Status
- Administration ended
- Administration began
- 2011-05-25
- Administrators' firm
- EY
- Incorporated
- 2000-09-06
- Location
- Manchester
- Industry
- 4521
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The Company is a property development company, and at the time of appointment of the Joint Administrators held three completed properties (‘the Property Portfolio’) consisting of 65 units which were either let out as investments (45 units) or where the long leasehold had been sold (20 units) The Company also held a further development (‘the Leasowe’) that is near to practical completion, consisting of 31 units, and two further freeholds All properties and freeholds are located in the North West of England
The Company was incorporated in September 2000 and was managed by its two directors and owners, Paul McKelvey and John Dillon In addition to the above properties, the Company had successfully developed a number of apartment blocks across the North West In previous years
The recent draft accounts show the following information relating to the Company
Administrators' statement of proposals (2011-07-20) · Companies House register