Andrew's Homes (Aberdeen) Limited (SC043273): administration
- Status
- Administration ended
- Administration began
- 2020-10-20
- Incorporated
- 1966-03-24
- Location
- Aberdeen
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated on 24 March 1966 by H.A.B Harper and his wife, Mrs Vivienne Harper, and they were the Company's directors at that time. H.A.B Harper resigned as a director on 8 August 2012. The Company was headquartered and traded from premises at 22 Carden Place, Aberdeen which was also the Company’s registered office at the date of the Administrators appointment.
The directors have advised that the principal activity of the Company was in the leasing of both commercial and residential properties and after it commenced trading it expanded its portfolio of all property types to take advantage of the oil boom that hit the Aberdeen economy in the 1970s and onwards.
The directors also advised that the focus for the Company’s residential properties was guaranteed lettings to workers of oil service companies whilst the focus for the commercial property portfolio was prime office locations with strong commercial covenants. It is also understood that the Company, and other connected entities under the common control of the Harper family, expanded the property portfolio further afield by acquiring properties in other locations in the North and North East of Scotland.
Administrators' statement of proposals (2020-12-22) · Companies House register