Dawnline Developments Ltd (05017787): administration
- Status
- Administration ended
- Administration began
- 2011-07-27
- Administrators
- Paul Stanley, Gary Norton Lee
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2004-01-16
- Location
- Manchester
- Industry
- 4521
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The history of the Company was discussed with the director, who descnbed the following bref history of the Company
The Company purchased the property at Sefton House in Burscough, a former care home, and converted tt into eight 2 bedroom apartments and three 3 bedroom townhouses
Once the conversion was completed, the Company looked to sell the properties and achieved the sale of all three townhouses and one apartment The remaining apartments were subsequently placed on the rental market to generate income
Administrators' statement of proposals (2011-09-22) · Companies House register