Cheque Centres Properties Limited (SC182070): administration
- Status
- Administration ended
- Administration began
- 2014-07-02
- Administrators' firm
- KPMG
- Formerly
- Cheque Clear Properties Limited
- Incorporated
- 1998-01-13
- Location
- Glasgow
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- Sustained trading losses
- Regulatory change or action
From the administrators' statement
CCP was incorporated in 1998 and formed part of the Axcess Financial Europe Limited group of companies (‘the UK Group’). CCP’s role within the UK Group was that of a leasehold property holding company. CCP did not undertake any trading activities and had no employees.
CCP was the named leaseholder in relation to 269 properties across England, Northern Ireland, Scotland and Wales. Prior to the administration, CCP had entered into a licence arrangement with a related company, Cheque Centres Limited (‘CCL’), allowing it to operate from the premises.
CCL is the primary trading entity in the UK Group. CCL’s trading operations include: payday lending and instalment loans (activities which are regulated); foreign currency exchange, pawn broking, phone/gold scrappage schemes.
Administrators' statement of proposals (2014-07-31) · Companies House register