# SF 2046 Limited (SC286013)

> Why UK company SC286013 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/SC286013

- **Status:** Administration ended
- **Administration began:** 2011-12-23
- **Administrators' firm:** KPMG
- **Incorporated:** 2005-06-09
- **Location:** Glasgow
- **Industry:** 7020

## Why it went into administration

- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Property / lease costs
- Parent or group failure
- Sustained trading losses

## 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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/SC286013/filing-history/MzA1MjgyOTYyOWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/SC286013

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.