Caledonian Skye Limited (SC279023): administration
- Status
- Administration ended
- Administration began
- 2019-10-29
- Administrators
- Derek Forsyth, Blair Milne
- Administrators' firm
- Azets
- Formerly
- Caledonian Cafe Limited; Portree Cafe Limited
- Incorporated
- 2005-01-28
- Location
- Renfrew
- Industry
- 56101 Licenced restaurants
From the administrators' statement
The Company was incorporated on 28 January 2005. The Company operated in the hospitality sector from owned and tenanted properties.
The Company acquired various properties which were refurbished prior to sale. These projects were funded by the Royal Bank of Scotland PLC (“the Bank”). Due to a downturn in the property market, the Company was unable to repay the borrowing secured against the properties. Mindful of his responsibilities, the Director sought professional advice and having regard to the Company’s financial position, the Director determined to place the Company into administration in order to achieve the maximum possible recovery for the creditors.
On 29 October 2019, Blair Milne and I were appointed by the Director, as Joint Administrators of the Company. The appointment permits the Joint Administrators to take any actions required, either jointly or individually. Prior to our appointment as Joint Administrators we had no professional dealings with the Company.
Administrators' statement of proposals (2019-12-31) · Companies House register