Gartloch Developments Limited (SC205547): administration
- Status
- Administration ended
- Administration began
- 2012-08-23
- Administrators
- Thomas Campbell Maclennan, Alexander Iain Fraser
- Administrators' firm
- RSM
- Formerly
- Lycidas (318) Limited
- Incorporated
- 2000-03-28
- Location
- Edinburgh
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
Since incorporation in 2000, the company’s principal activity was the development of land.
The company’s sole assets comprise an area of land at Gartloch, Glasgow (hereon, the land at Gartloch) which equates to circa 620 Acres of poor quality farm land; and the former Jackton Primary School at 33 Eaglesham Road, Glasgow (hereon, the Jackton site). The latter was adapted as a business centre but has been unoccupied in recent years and internat conditions are poor.
A summary of the Company’s recent trading performance is shown below.
Administrators' statement of proposals (2012-11-02) · Companies House register