# Bluetree Estates Limited (04346600)

> Why UK company 04346600 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04346600

- **Status:** Administration ended
- **Administration began:** 2011-10-12
- **Administrators' firm:** Deloitte
- **Formerly:** Bluetree Estates Wilmslow Limited; Bluetree Estates Limited
- **Incorporated:** 2002-01-03
- **Location:** Manchester
- **Industry:** 7011

## Why it went into administration

- Weak consumer demand

## From the administrators' statement

The Company has suffered from current economic conditions and the downturn in the real estate sector Due to the drop in demand, and property prices subsequently falling, the Company has seen Its return on investments decrease significantly

Prior to the appointment of Administrators, the Company was able to realise a number of assets within its portfolio to reduce Bank borrowing However, the Company was unable to sell the Properties, the majority of which remain unoccupied, and the accruing interest payments have become a cash burden on the business

Furthermore, the Company has a significant level of book debts (see section 3 3) which it has been unable to recover

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04346600/filing-history/MzA0ODAzNDYyN2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04346600

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.