Argyle Street Properties (No 2) Limited (04500275): administration
- Status
- Administration ended
- Administration began
- 2011-05-03
- Administrators' firm
- KPMG
- Formerly
- FBW Properties (No 2) Limited
- Incorporated
- 2002-07-31
- Location
- London
- Industry
- 7020
From the administrators' statement
The Company was incorporated on 31 July 2002, and over the course of time purchased property at Argyle Street, Glasgow with the intention of pursuing the opportunity to develop the property mto a luxury hotel and serviced apartments
Financial results
The latest audited accounts show the Company made a net loss of £68 million for the year to 31 March 2009 This 1s after a significant impairment of the property, writing down the book value from £19 7 million to £5 million in Maich 2009 The impact of this was to make the balance sheet msolvent, with net habilities of £9 3 million at 31 Match ive) Ww
Administrators' statement of proposals (2011-07-01) · Companies House register