Beattock Country Park Limited (08614013): administration
- Status
- Administration ended
- Administration began
- 2014-08-06
- Administrators
- Kirstie Jane Provan
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2013-07-17
- Location
- London
From the administrators' statement
The Company was incorporated in July 2013 Shortly after iis incorporation, purchased the business and assets of Craigieland Country Park LLP (“the LLP”) and Loch View Park Limited ("LVPL”), both of which entered admunistration on 26 July 2013 The LLP owned and operated a touring and static caravan haliday park, Cratgieland Country Park (“CCP”) which historically targeted the middie to lower end of the market CCP Is located adjacent to Loch View Park (“LVP’), a largely undeveloped site which is owned by LVPL
Initially excluded from the above sale was ihe freehold ownership of CCP and LVP (together “the Park”) As part of the sale agreement ("the SPA"), the Company entered into an option to purchase the freehold of the Park, and in the interim occupied and traded from the Park under a licence to occupy (“the LTO’), which was agreed with the administrators of the LLP and LVPL_ The option expiry date was set at 31 October 2013 and was exercisable upon the injection of £200,000 by Robert Buil ("BB") into the Company, to part fund the acquisition of the freehold of the Park The balance of consideration was to be funded by the secured creditor, Santander UK pic
In addition, the Company deferred consideration payable to the LLP and LVPL in respect of the floating charge assets that were sold as pari of the SPA, namely stock, equipment, work in progress and cusiomer contracts BB also committed to the tnjection of £100,000 worth of caravan and lodge stock into the Company within 60 days of the completion of the SPA
Administrators' statement of proposals (2014-10-07) · Companies House register