Kirkdene Developments Limited (SC245247): administration
- Status
- Administration ended
- Administration began
- 2011-09-12
- Administrators
- Anne Buchanan
- Administrators' firm
- PKF
- Incorporated
- 2003-03-07
- Location
- Glasgow
- Industry
- 7011
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The statutory information for the Company is at Appendix I. Kirkdene Developments Limited was set-up in 2003 to buy and develop residential property.
Funding was initially provided by the Bank of Scotland and small developments were undertaken. In May 2007, DBS provided a facility to assist the Company with the refinance of Flat 3/1, 828 Maryhill Road, Glasgow, G20 7TB.
The aforementioned property was purchased with the intention of being sold on however, due to the downturn in the residential property market it could not be sold and was let out under a Short Assured Tenancy Agreement.
Administrators' statement of proposals (2011-11-14) · Companies House register