Cofton (Wales) Limited (04113370): administration
- Status
- Administration ended
- Administration began
- 2017-02-15
- Administrators
- Alistair Mcalinden, Blair Carnegie Nimmo
- Administrators' firm
- KPMG
- Formerly
- Filbuk 640 Limited
- Incorporated
- 2000-11-23
- Location
- Leeds
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Funding withdrawn / unable to refinance
- Parent or group failure
From the administrators' statement
The Company was incorporated on 23 November 2000 with company name Filbuk 640 Limited. it was controlled by a wider group of companies known as the Cofton Group, who acted as property developers for sites at a number of locations across the United Kingdom, and was set up for a specific development project. .
In March 2001, the Company acquired a substantial landholding (approximately 900 acres) in Llanilid, South Wales, (“the Site”) from Celtic Energy Limited (“CEL”) and subsequently changed its name to Cofton (Wales) Limited. The Company was originally a 50/50 Joint Venture between CEL and the Cofton Group, however CEL were subsequently bought out and the Company's majority shareholder became the Cofton Group, with minor shareholdings held by certain Company directors.
The principal activity of the Company is the management, development and sale of the Site, which predominantly comprises brownfield land which had previously been used for Opencast coal mining, although there are material greenfield areas which are used for agricultural purposes. Following the initial land purchase, the Company acquired further adjacent tranches of land, and have also sold tranches of the Site.
Administrators' statement of proposals (2017-04-21) · Companies House register