Nathenview Ltd. (SC269961): administration
- Status
- Administration ended
- Administration began
- 2016-09-06
- Administrators
- William Matthew Humphries Tait, James Bernard Stephen
- Administrators' firm
- BDO
- Incorporated
- 2004-06-28
- Location
- Glasgow
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated on 28 June 2004. The Company operated from the head office in Hanison Business Centre, 567 Cathcart Road, Glasgow, G42 8SG and rented owned commercial and residential premises. The Company’s principal activity was the letting of owned property.
We understand that the Company had banking facilities with Allied Irish Bank and that the debt was sold to Clipper Holding II S.a.r.l in 2016. The securities held by Allied Irish Bank were assigned to Clipper Holding II S.a.r.t [‘Clipper’]. We understand that the facilities had expired and with no suitable proposals to refinance the debt being received, Clipper proceeded to appoint Joint Administrators.
On 6 September 2016, James Bernard Stephen and William Matthew Humphries Tait, both of BDO LLP, were appointed Joint Administrators. The appointment being made by Clipper Holding I! S.a.nl, 11-13 Boulevard De La Foire, L-1528 Luxembourg in terms of Paragraph 14 of Schedule Bt of the Insolvency Act 1986.
Administrators' statement of proposals (2016-10-17) · Companies House register