Newcastle Glassworks Limited (08258124): administration
- Status
- Administration ended
- Administration began
- 2022-07-28
- Administrators
- James Alexander Dewar, Alistair Mcalinden
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2012-10-18
- Location
- Leeds
- Industry
- 41100 Development of building projects
Why it went into administration
- Regulatory change or action
- Property / lease costs
From the administrators' statement
The Company was incorporated on 18 October 2012. Its primary activity was that of a property company, holding the head lease for the Property. The Property was constructed by a related party, Bricks K4 Capital Ltd. Following completion of the construction in 2016, that entity's interest in the Property was transferred to Aviva, with the head lease created and the Group taking occupation.
The Company granted underleases to K5 (for 192 of the 270 rooms) and the remaining 78 were let to individual third parties on long term leaseholds.
We understand that the Company had no employees at the date of our appointment.
Administrators' statement of proposals (2022-08-17) · Companies House register