Number One Scotia Road Limited (05106418): administration
- Status
- Administration ended
- Administration began
- 2011-07-21
- Administrators
- Robert Michael Young, Steven John Currie
- Administrators' firm
- Currie Young
- Formerly
- K & S (530) Limited
- Incorporated
- 2004-04-20
- Location
- Stoke-on-Trent
- Industry
- 7011
From the administrators' statement
Number One Scotia Road Limited [“the Company’] was incorporated on 20 Apnt 2004 and commenced trading at that time The Company was founded in order to develop retail and commercial properties in the Burslem area of Stoke on Trent
The Company ts one of a number of subsidiary companies which are part of Newstead Property Holdings Limited ["the Group’] which ts a privately owned property development and property investment company Properties within the companies’ portfolio consist of mainly commercial developments with a small number of residential developments that were funded by a number of facilities and providers New potential developments would be identified and purchased through a new subsidiary
The Company currently owns eight units which are situated in the Scotia Road area of Burslem together with 34 acres of land to the rear of the units Three of the units are occupied by tenants with the remaining four units being marketed erther for sale or to let Funding was provided by the Co-operative bank by way of secured loans and an overdraft facility There are inter-company liabilities of £96,000, £11 millon and
Administrators' statement of proposals (2011-09-23) · Companies House register