# AB Leith Limited (SC277781)

> Why UK company SC277781 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/SC277781

- **Status:** Administration ended
- **Administration began:** 2015-12-17
- **Administrators:** William Kenneth Dawson, Michael John Magnay
- **Administrators' firm:** Deloitte
- **Incorporated:** 2004-12-23
- **Location:** Glasgow
- **Industry:** 41100 Development of building projects

## From the administrators' statement

We understand from the directors that the circumstances leading to the appointment of the Joint Administrators resulted from a sharp decline in the value of the land, which rendered the Company's substantia! development plans uneconomic.

The sites were valued by HSBC at £1.8m, prior to the acquisition of its loan by Sharp Boom.

Steps taken to remedy/turnaround

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/SC277781/filing-history/MzE0MTQ2OTc5NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/SC277781

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