Live-In Properties Limited (SC244513): administration
- Status
- Administration ended
- Administration began
- 2019-02-11
- Administrators
- Stuart Preston, Christopher Petts
- Administrators' firm
- Grant Thornton
- Incorporated
- 2003-02-24
- Location
- Edinburgh
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The Company was previously indebted to Clydesdale Bank Plc (CB). We understand that this debt was acquired by Promontoria and that the corresponding security held by CB was also assigned to Promontoria.
Following acquisition of this debt, Promontoria appointed Engage Commercial Limited (Engage) as its debt security agent.
We understand that Promontoria (acting through Engage) entered Into discussions with the Company, with a view to recovering its debt. No agreement was reached and Promontoria subsequently took enforcement action against the Company, serving a demand for repayment. The Company did not repay Its debt.
Administrators' statement of proposals (2019-04-09) · Companies House register