AA BB CC Properties Limited (SC257320): administration
- Status
- Administration ended
- Administration began
- 2014-08-26
- Administrators
- Linda Barr, Eileen Blackburn
- Administrators' firm
- Price Bailey
- Incorporated
- 2003-10-09
- Location
- Blantyre
- Industry
- 68209 Other letting and operating of own or leased real estate
From the administrators' statement
The company was incorporated on 09 October 2003 and held its registered office at and traded from Oaklands, 26 Hunterhill Road, Paisley, PA2 6ST, this property is freehold and is occupied as a primary residence by the director, Barbara Adams. This property is not an asset of the company. The company operated in the trade of “letting and operating of own or leased real estate”. The main functions, products and services of the company were:
. Ownership and development of three properties and one plot of land At the time of appointment the company had no employees.
The director, Barbara Adams has cited the reasons for the company’s failure and insolvency as the economic recession and the decline in the property markets. As at the date of the Joint Administrators appointment none of the properties were tenanted, therefore, the company was generating no rental! income with which to meet the running costs of the company and to service the company’s borrowing outstanding to the Bank.
Administrators' statement of proposals (2014-10-07) · Companies House register