Muller Palatine Properties Limited (04269843): administration
- Status
- Administration ended
- Administration began
- 2012-05-02
- Administrators
- Paul Stanley, Jason Dean Greenhalgh
- Administrators' firm
- Begbies Traynor
- Formerly
- Muller Property Ventures Limited; Soch Developments Limited
- Incorporated
- 2001-08-14
- Location
- Manchester
- Industry
- 7011
From the administrators' statement
As the company commenced trading by acquinng a number of development suites, the statutory accounts for the first few years showed substantial losses as there was no trading income but bank and L&P loan interest was wniten off as incurred
The sales of properties started in 2006 but at such low levels as to not produce a net profit.
The general collapse of the property market in 2007 could not have been timed worse for the company and the value of properties brought to the market was decimated Selling prices were reduced and the company
Administrators' statement of proposals (2012-06-29) · Companies House register