Stemcord Ltd (05205500): administration
- Status
- Administration ended
- Administration began
- 2014-01-23
- Administrators
- Anne Clare O'Keefe
- Administrators' firm
- AlixPartners
- Formerly
- Coleshill Assets (2) Limited; Cambourne Assets (2) Limited; Cefn Coed TEN Limited
- Incorporated
- 2004-08-13
- Location
- Manchester
- Industry
- 96090 Other service activities n.e.c.
From the administrators' statement
3.1 The principal activities of the Companies were the purchase and let of commercial properties.
3.2 The Administrators have been advised by the directors that the Companies acted as nominees tn respect of a trust agreement.
33 The trust agreement was entered into between the Companies and numerous parties that invested in the properties 1n varying proportions. The duty of care that the Companies had to the investors 1s set out in the trust agreement which also sets out the relationship between the various investors The directors advise that whilst the legal title to the properties 1s held jointly by the Companies, the investors are the beneficial owners of the properties and refer to themselves collectively as Stemcord Estate Company (Stemcord Estate)
Administrators' statement of proposals (2014-03-10) · Companies House register