Carlton Ecosse Limited (SC206923): administration
- Status
- Administration ended
- Administration began
- 2012-11-02
- Administrators
- Alan Alexander Brown, John Bruce Cartwright
- Administrators' firm
- PwC
- Formerly
- AC&H 92 Limited
- Incorporated
- 2000-05-08
- Location
- Glasgow
- Industry
- 68209 Other letting and operating of own or leased real estate
From the administrators' statement
The Company was incorporated in 2000 and traded as a property development company, acquiring a portfolio of commercial property. At the date of administration, the Company owned three commercial properties at Cambuslang Inyestment Park, Cambuslang, Glasgow; Kirkhill Industrial Estate, Dyce; and Cliftonhall Road, Newbridge, Edinburgh. The three properties have tenants in situ and the Administrators are reviewing the terms of each lease and assessing the
value of the properties. The circumstances giving rise to the Administrators’ appointment
The Company had financed the acquisition of the properties through the use of facilities provided by Anglo Irish Bank Corporation Limited (“Anglo”) who held standard securities over each of the properties together with a bond and floating charge over the Company’s assets, which was granted on 18 July 2001. On 23 March 2011 the Anglo debt and all securities were assigned to Hadrian S.A.R.L (“Hadrian”). In the period immediately prior to the date of administration the directors had attempted to renegotiate the debt due to Hadrian, however this proved to be unsuccessful. The notice of appointment of Administrators was lodged in the Court of Session on 2 November 2012, in accordance with paragraph 22 of Sch. B1 IA 86.
Administrators' statement of proposals (2012-12-21) · Companies House register