Courie Investments Ltd (13653109): administration
- Status
- In administration
- Administration began
- 2025-11-25
- Administrators
- James Alexander Dewar, Alistair Mcalinden
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2021-09-30
- Location
- London
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Property / lease costs
From the administrators' statement
The Company was incorporated on 30 September 2021 to purchase, develop and sella property at 249 West George Street, Glasgow, G2 4RB. The Property is currently a vacant office building with accommodation over 7 floors. The Company Is privately owned and has no employees, with the Company engaging professional advisors to run its operations.
The Property was initially purchased via a combination of a loan from a commercial lender and equity from shareholders. The Company’s intention was to obtain planning consent for a student accommodation complex, demolish the Property and then re-build in line with the planning consent. It would then be sold to a student accommodation operator.
In 2024 the Company successfully obtained planning permission for a 147-bed student accommodation complex, however it was unable to obtain development funding to progress with its plans.
Administrators' statement of proposals (2025-12-30) · Companies House register