Magna (Yorkshire) Investments Limited (05489355): administration
- Status
- Administration ended
- Administration began
- 2013-02-21
- Administrators
- Toby Scott Underwood, Lyn L Vardy
- Administrators' firm
- PwC
- Formerly
- Teredan Productions (UK) Limited
- Incorporated
- 2005-06-23
- Location
- Leeds
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
Magna Holdings Limited and Magna (Yorkshire) Investments Limited are part of a group of property compamies owned by the same sharcholders The group has been active in the Yorkshire property development market since 1978, specialising in finding sustainable uses for ‘difficult’ developments
Holdings 1s a non-trading holding company It has shares in Magna Agricultural Limited and Trinity Agencies & Services Limited, both of which are not subject to imsolvency proceedings Investments is the main trading company in the group which owns and operates all of the assets that are subject to the admimstrations Further details on the Compames’ assets are set out later in this report
Eastgate 1s another company in the group which we are not appointed over It ownsa land asset which is held as security in respect of Holdings debt to the Bank .
Administrators' statement of proposals (2013-05-03) · Companies House register