Carmelite (Glasgow) Limited (SC179074): administration
- Status
- Administration ended
- Administration began
- 2020-03-03
- Administrators
- Barry John Stewart, George Dylan Lafferty
- Administrators' firm
- Leonard Curtis
- Formerly
- Fisher Developments Limited; The Pointe Health Club Limited; Drillguard Limited
- Incorporated
- 1997-09-25
- Location
- Glasgow
- Industry
- 55100 Hotels and similar accommodation
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
3.41 The Company was incorporated on 25 September 1997, having been set up for the purpose of acquiring the land and property located at 11 Oswald Street, Glasgow, G1 4QR (the ‘Property’).
3.2 The Property is a derelict building formerly used as a hotel, which is located in a conservation area near Glasgow City Centre. For some time prior to our appointment, the Company had been marketing the Property for sale on the basis that the purchaser would obtain permission to demolish the building and seek planning consent for hotel development.
3.3 The Property is subject to a fixed charge security in favour of the Royal Bank of Scotland PLC (“the Bank or Secured Creditor’). The Bank also holds a floating charge security that was registered in April 2015.
Administrators' statement of proposals (2020-04-14) · Companies House register