Barcaldine House Limited (SC160356): administration
- Status
- Administration ended
- Administration began
- 2011-10-11
- Administrators
- Elizabeth Galbraith Mackay, Anne Clare O'Keefe, Simon Wilson
- Administrators' firm
- AlixPartners
- Formerly
- Ledge 243 Limited
- Incorporated
- 1995-09-14
- Location
- Glasgow
- Industry
- 5510
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Property / lease costs
From the administrators' statement
The Company was incorporated in 1995 and commenced trading a 12 bedroom hotel with five adjoining cottages in Oban, Argyll. The Hotel has traded at a loss since incorporation.
In 2009, Blue Grange, Duncan John Buchanan and Amy Landsdown acquired shares in the Company. The Company's existing directors resigned from their appointments and Heather Maxwell Buchanan and Duncan John Buchanan, directors of Blue Grange, were appointed. Duncan John Buchanan resigned as director on t January 2010.
The new directors determined that significant rennovations were required and funding was obtained from the Co-operative Bank ple (the Bank). Blue Grange provided project management services in respect of overseeing the rennovation work, together with the day to day administration for the Hotel once areas of it became habitable.
Administrators' statement of proposals (2011-11-29) · Companies House register