Ellon Properties Limited (SC093458): administration
- Status
- Administration ended
- Administration began
- 2023-11-22
- Administrators
- Blair Milne, James Fennessey
- Administrators' firm
- Azets
- Incorporated
- 1985-05-24
- Location
- Renfrew
- Industry
- 45112 Sale of used cars and light motor vehicles
Why it went into administration
- HMRC / tax arrears
From the administrators' statement
4.1 The Company was incorporated in 1985 and began trading shortly thereafter.
4.2 In November 2022, one of the tenants vacated the premises and returned the keys to the landlord, despite a lease being in place until May 2024.
4.3 The rental income that was budgeted for this property ceased being remitted by the tenant following their vacation. As a result, the Company encountered difficulty in maintaining payments to the secured lender, Aldermore. Despite instigating debt recovery proceedings against the tenant, no funds have been received by the Company since the tenant vacated the property.
Administrators' statement of proposals (2023-12-27) · Companies House register