Clockform Limited (SC284065): administration
- Status
- Administration ended
- Administration began
- 2016-02-11
- Administrators
- Thomas Campbell Maclennan, Christopher Stirland
- Administrators' firm
- FRP Advisory
- Incorporated
- 2005-05-03
- Location
- Edinburgh
- Industry
- 94910 Activities of religious organisations
From the administrators' statement
The company was incorporated on 3 May 2005 to purchase a portfolio of residential properties to generate rental income and capital growth. In 2008 the company bought the Commercial Hotel (later Kirkcudbright Bay Hotel) which was the first hotel/licensed premises purchased. This unit was refurbished, traded for a period and then leased to a tenant. During 2008 the effect of the recession resulted in the residential portfolio being fully disposed of.
Subsequently the Clachan Inn and the Steamboat Inn units were purchased with refurbishments carried out followed by tenants being put in place under leases. In 2014 the company purchased the Wigtown Ploughman unit and undertook a refurbishment. A tenant had been identified although a lease was not taken up and the company traded the unit for an extended period until around October 2015 when the unit was restricted to opening at weekends only and closed completely on 1 January 2016.
The company was also responsible for a period of trading a unit known as the Urban Grill in Dumfries which was owned by another company with the same directors.
Administrators' statement of proposals (2016-04-07) · Companies House register