Carvill (Scotland) Limited (SC093742): administration
- Status
- Administration ended
- Administration began
- 2011-05-26
- Administrators
- Toby Scott Underwood, Stephen Cave
- Administrators' firm
- PwC
- Formerly
- Clyde Offshore Supply Company Limited; Kintern Limited
- Incorporated
- 1985-06-11
- Location
- Glasgow
- Industry
- 4521
Why it went into administration
- Cash flow / liquidity pressure
- Parent or group failure
From the administrators' statement
The Carvill family originally commenced trading in 1965 with the current parent company, Carvill Group Limited, incorporating in 1979. Since incorporation a comprehensive group structure has been created which includes a number of wholly and partially owned subsidiary entities, a joint venture company.and an associate company (“the Group”). A partial group structure is detailed in Appendix A.
, The Group is mainly involved in property development and home building across Northern Ireland, Scotland, North East England, Isle of Man and Germany. Funding was provided, typically on a site specific basis, by Ulster Bank, Northern Bank and to a limited extent Bank of Ireland. In addition, Northern Bank operated an overdraft facility (£10m limit) with Carvill (Group) Limited.
Administrators' statement of proposals (2011-08-01) · Companies House register