Loch View Park Limited (07214959): administration
- Status
- Administration ended
- Administration began
- 2013-07-26
- Administrators
- Kirstie Jane Provan
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2010-04-07
- Location
- London
- Industry
- 55300 Recreational vehicle parks, trailer parks and camping grounds
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
From the administrators' statement
The Company owns and operates Loch View Park (“the Park”), which ts a touring and static caravan holiday park The Park has consent for a total of 52 static lodge plots, which are currently mainly undeveloped The Company has no income stream, other than via the sale of lodges
The Park ts located adjacent to Craigieland Country Park (“CCP”), which ts a developed site owned by Craigieland Country Park LLP, also in administration (“the LLP”) CCP consists of 119 static caravan plots and 16 static lodge plots, which are currently utilised by owner-users CCP also has 120 touring caravan pitches and space for 40 tents which are rented to the seasonal tourng market There are 11 static plots which are rented out as holiday homes/short-term accommodation and the park enjoys bar and restaurant facilities along with a small shop CCP has histoncally targeted the middie to lower end of the market
Both the Park and CCP are charged to Santander UK ple (“the Bank”) as secunty for the borrowings of the Company and the LLP It was previously envisaged that the Park would be developed to cater for the higher end of the premium lodge market and as a result steps were taken throughout early—mid 2012 to market higher end units for sale in CCP
Administrators' statement of proposals (2013-09-03) · Companies House register