M&S Homes Limited (SC282579): administration
- Status
- Administration ended
- Administration began
- 2012-05-09
- Administrators
- Blair Carnegie Nimmo, Gerard Anthony Friar
- Administrators' firm
- KPMG
- Formerly
- Brunch UK Ltd
- Incorporated
- 2005-04-03
- Location
- Glasgow
- Industry
- 7011
Why it went into administration
- Loss-making contracts / project overruns
From the administrators' statement
The Company was incorporated in April 2005 by one of the Directors, Cameron Stein. The Company did not initially trade and remained dormant until early 2008, by which time John Murphy had also been appointed as a Director.
In January 2008 the Company purchased a farm steading property at Northcrookedstone Farm, Quarter, Hamilton for the purposes of converting it into two residential properties.
Work on the development commenced in mid 2008 using third party subcontractors. Work continued throughout 2008 and into 2009, but was hampered due to a number of planning issues encountered, in particular those arising from a dispute with the owner of a nearby property. These disputes resulted in protracted negotiations with the local planning authorities.
Administrators' statement of proposals (2012-07-04) · Companies House register