Aftonlee Limited (SC259285): administration
- Status
- Administration ended
- Administration began
- 2011-08-11
- Administrators
- Alan Alexander Brown, John Bruce Cartwright
- Administrators' firm
- PwC
- Incorporated
- 2003-11-14
- Location
- Glasgow
- Industry
- 4521
From the administrators' statement
The Company had provided a guarantee in relation to facilities that had been provided by Anglo Irish Bank Corporation Limited (“Anglo”) to Oceancrown Limited (“Oceancrown”). A bond and floating charge had been granted by the Company to Anglo on 28 January 2009. Anglo also held a standard security over the property at Maxwell Street. On 23 March 2011 the debt due to Anglo by Oceancrown was assigned to Hadrian S.A.R.L (“Hadrian”), together with the guarantee granted by the Company, the bond and floating charge and the standard security over the property.
On 3 August 2011 Hadrian placed Oceancrown into administration and called up the guarantee granted by the Company. As the Company was unable to meet the guaranteed sums due to Hadrian the directors resolved to appoint Administrators to Aftonlee Limited. The notice of appointment of Administrators was lodged in the Court of Session on 11 August 2011, in accordance with paragraph 22 of Sch. Bi IA 86.
The manner in which the Company’s affairs and business have been managed and financed
Administrators' statement of proposals (2011-10-12) · Companies House register