Alric Properties Ltd (SC197108): administration
- Status
- Administration ended
- Administration began
- 2012-02-15
- Administrators
- Eileen Blackburn
- Administrators' firm
- Price Bailey
- Formerly
- Millbry 249 Ltd.
- Incorporated
- 1999-06-11
- Location
- Edinburgh
- Industry
- 7487
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
Based on the discussions with the Director and former Director and my investigations to date, the insolvency of the company was largely due to the company’s inability to obtain a refinancing deal due to the current economic climate and settle the sums due to the secured creditor.
1.5
Administrators' statement of proposals (2012-04-23) · Companies House register