Boothby & Penicuik Peat Company Limited (SC066217): administration
- Status
- Administration ended
- Administration began
- 2015-07-31
- Administrators' firm
- KPMG
- Formerly
- Penicuik Peat Company Limited; Norit-Klasmann Scotland Limited
- Incorporated
- 1978-10-27
- Location
- Glasgow
- Industry
- 74990 Non-trading company
Why it went into administration
- Funding withdrawn / unable to refinance
- Competition / price pressure
From the administrators' statement
The Company was incorporated in 1978 and previously operated as a peat harvester from a number of locations in northern England and Scotland.
The trade and assets of the business were transferred in to Horticulture over the last five years however a number of parcels of leasehold and freehold land remained in the entity at the date of appointment.
3.2 Funding and financial position of the Company
Administrators' statement of proposals (2015-09-04) · Companies House register