R. & A. Developments Limited (NI020863): administration
- Status
- Administration ended
- Administration began
- 2013-10-31
- Administrators
- Stuart Irwin
- Administrators' firm
- Interpath Advisory
- Incorporated
- 1987-09-09
- Location
- Belfast
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
R&A Developments Ltd was incorporated on 9 September 1987 and is a property development company which owned a mixture of commercial and residential property in Northern Ireland.
The properties were subject to a fixed and floating charge held by the Chargeholder and Bank of Ireland. The Company failed to meet the requirements of the Chargeholder in relation to the monies advanced to fund the Company. Accordingly, on 31 October 2013 the Chargeholder sought to protect its position and enforce its security and appointed John Hansen of KPMG as Administrator.
Pursuant to the filing of the notice to appoint an Administrator, John Hansen of KPMG was appointed Administrator by an Order granted by the High Court of Justice, Chancery Division on 31 October 2013.
Administrators' statement of proposals (2022-12-07) · Companies House register