Dudhope Properties Limited (SC085429): administration
- Status
- Administration ended
- Administration began
- 2012-01-14
- Administrators
- Gary Steven Fraser, Blair Carnegie Nimmo
- Administrators' firm
- KPMG
- Formerly
- Leswand
- Incorporated
- 1983-11-09
- Location
- Edinburgh
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
Dudhope Properties Limited (“the Company” or “Dudhope”), previously known as Leswand Limited, was incorporated on 9 November 1983. Since then, Dudhope had slowly grown in to a well established property company providing rental accommodation in the Dundee area.
However, in recent years, consistent with the faltering housing market, Dudhope found it increasingly difficult to trade within its banking facility and remain within its loan covenants.
On our appointment, the Company opérated a stock of 20 residential properties, all of which were tenanted, with one further property used as an office.
Administrators' statement of proposals (2013-03-11) · Companies House register