Alexander Short Properties Limited (SC160480): administration
- Status
- Administration ended
- Administration began
- 2016-03-30
- Administrators
- Nicholas H O'Reilly, Arron Simon Kendall
- Administrators' firm
- Moorfields
- Incorporated
- 1995-09-20
- Location
- Aberdeen
- Industry
- 41100 Development of building projects
From the administrators' statement
The Company is a wholly owned subsidiary of AS Group (Scotland) Limited (‘ASG’). It owns the freehold legal title to 32 units (‘the Property”) at the Westfield Industrial Estate (‘Westfield’) in Cumbernauld, near Glasgow.
Westfield was originally developed by Cumbernauld New Town Development Corporation in the late 1970's. The Property comprises a mixture of commercial office premises and industrial space, these units having been developed in the late 1980's. The remainder of the estate is under various ownerships.
The Company secured funding from AIB Group (UK) Plc (*‘AIB”) in July 2003 to purchase and develop the Property, along with land known as the St James Interchange (°J29"), in Glasgow. The security was documented by way of a debenture conferring fixed and floating charges over the Property and J29.
Administrators' statement of proposals (2016-05-17) · Companies House register