Coolmore Land Limited (06735366): administration
- Status
- Administration ended
- Administration began
- 2023-03-15
- Administrators
- James Ronald Lumb, Howard Smith
- Administrators' firm
- Interpath Advisory
- Formerly
- Sandco 1098 Limited
- Incorporated
- 2008-10-28
- Location
- Newcastle upon Tyne
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- HMRC / tax arrears
- Sustained trading losses
- Credit insurance / supplier credit withdrawn
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Weather / natural events
From the administrators' statement
The Company was incorporated on 28 October 2008 and operated as a property holding Company for the Group.
The Company previously owned a 200 acre site in Seaham, County Durham. A sale of this land completed in May 2022 (see Section 3.3).
On our appointment, the Company’s key asset is a 6.5 acre plot of land, also located in Seaham, County Durham. This plot is adjacent to the 200 acre site which was sold in May 2022.
Administrators' statement of proposals (2023-05-11) · Companies House register