From the administrators' statement

The Company was incorporated in March 2003 Francis Parkinson 1s the sole Director and shareholder

LBG originally provided facilites of £1 95m, to assist the Director with the freehold purchase of a property known as the Pack Horse Hotel in Bolton, a three unit commercial property containing two licensed bars and a hotel in Bolton town centre

The freehold interest of the building was subsequently soid by the Company to the Pack Horse Hotel (Bolton) Limited and then purportedly transferred into the personal name of the shareholder of the purchasing company, Dr Jajoo

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New Shawgates Limited (04703574)

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