From the administrators' statement

SF 2046 Limited was incorporated on 9 June 2005, and is considered to be part of the Herd Estates Limited group (“the Group”), whose principal focus was property investment. A copy of the Group structure is attached at Appendix 2a.

BC Nimmo and GA Friar have also been appointed to 17 other Group companies. Details of these appointments are set out at Appendix 2b.

The Group, which was headquartered in Belfast, was formed by Mr Eric Henry Sproule in 2001 when he acquired a number of properties and group companies from Ashquay Group Plc, of which he was a former director. Ashquay Group Plc, which was subject to a reverse taker over at that time, wished to dispose of its retail and commercial investment portfolio in order to focus on serviced offices.

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SF 2046 Limited (SC286013)

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