Snowie Solutions Limited (SC219624): administration
- Status
- Administration ended
- Administration began
- 2017-09-19
- Administrators
- James Bernard Stephen, Sarah Megan Rayment
- Administrators' firm
- BDO
- Formerly
- Euan Snowie Investments Limited; ECS Investments Limited
- Incorporated
- 2001-05-29
- Location
- Glasgow
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- Weather / natural events
From the administrators' statement
The Company was incorporated on 29 May 2001. The Company operated from the head office at Boquhan House, Boquhan Estate, Kippen and operated in the development and letting of property in the Stirling area.
The Company is a subsidiary of Euan Snowie Holdings Limited (‘ECS’), with the ultimate owners of ECS being Euan and Claire Snowie. Euan and Claire Snowie (‘the Snowies’) were sequestrated on a creditor petition by Close Brothers Limited on 1 August 2017 and a Trustee has been appointed to both personal estates. The Trustee dealing with the sequestrations is Clair Middlebrook of Middlebrooks Business Recovery & Advice, 11A Dublin Street, Edinburgh EH1 3PG.
The Snowies’ sequestration meant that they are restricted from acting as Directors of the Company or being involved in the management of the Company. We understand representations were initially made by the Snowies to Clydesdale Bank plc indicating that it was their intention to seek to have the Sequestrations recalled. When the Sequestrations were not recalled Clydesdale Bank plc, 30 St Vincent Street, Glasgow G1 2HL (‘the Bank’) sought the appointment of Administrators to the Company.
Administrators' statement of proposals (2017-11-01) · Companies House register