# Power Developments Limited (SC260416)

> Why UK company SC260416 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/SC260416

- **Status:** Administration ended
- **Administration began:** 2016-06-20
- **Administrators:** Stuart Preston
- **Administrators' firm:** Grant Thornton
- **Incorporated:** 2003-12-08
- **Location:** Glasgow
- **Industry:** 68100 Buying and selling of own real estate

## Why it went into administration

- HMRC / tax arrears
- Management failings / irregularities

## From the administrators' statement

We were not privy to any discussions / decision making prior to our appointment however we understand that having reviewed its position and after considering the options available, the secured creditor considered that it was necessary to appoint administrators and on

20 June 2016 made the direct appointment of joint administrators in accordance with Paragraph 14 of Schedule B1 to the Insolvency Act 1986.

Prior to our appointment as joint administrators, neither we nor our firm had any dealings with the Company or the directors which could preclude us from acting as joint administrators of the Company.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/SC260416/filing-history/MzE1NTA1MDgwNWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/SC260416

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.