Maciver Group Ltd (SC280440): administration
- Status
- Administration ended
- Administration began
- 2014-12-02
- Administrators
- Brian William Milne, Eileen Blackburn
- Administrators' firm
- Quantuma
- Incorporated
- 2005-02-23
- Location
- Glasgow
- Industry
- 64922 Activities of mortgage finance companies
From the administrators' statement
The Company was incorporated on 23 February 2005 and operated as a property management company.
The directors of the Company have explained that the Company purchased residential and commercial property with bank lending. The Company populated the properties with tenants and collected rental income from these tenants.
In March 2014 the lending bank advised the Company that its loan facilities with them had expired and they asked the Company to present repayment proposals. The bank advised the Company that it was not willing to re-finance the sums due. The Company was not in a position to repay the bank lending on demand.
Administrators' statement of proposals (2015-01-23) · Companies House register