Mclaren Ventures Limited (SC230347): administration
- Status
- Administration ended
- Administration began
- 2015-02-13
- Administrators
- Stuart Preston, Robert Caven
- Administrators' firm
- Grant Thornton
- Incorporated
- 2002-04-15
- Location
- Glasgow
- Industry
- 55100 Hotels and similar accommodation
From the administrators' statement
The Company, no longer trading and without regular rental income receipts from
the tenants, was unable to service its liabilities as they fell due. The Company Director had been in discussions with The Royal Bank of Scotland plc ("the Bank") as secured lender with a view to reaching a consensual solution.
The Hotel had been marketed for sale through a marketing agent for several months prior to our appointment. In the absence of a suitable offer having been received during the marketing period, and with the Company still unable to service its debts, my firm was approached by the Bank shortly prior to our appointment, following which my fitm reviewed the information available to assess the Company's financial position.
Administrators' statement of proposals (2015-04-15) · Companies House register