Loanwell Limited (SC288273): administration and why it failed

Loanwell Limited (SC288273): administration

Status: Administration ended
Administration began: 2011-08-11
Administrators: Toby Scott Underwood, Graham Douglas Frost
Administrators' firm: PwC
Incorporated: 2005-07-29
Location: Glasgow
Industry: 7011

From the administrators' statement

The Company was incorporated in 2005 and does not appear to have traded since incorporation. Due to the poor record keeping of the Company and those associated with it (all of which are in administration), it is not clear which companies owned and leased the rental portfolio of properties. Investigations are ongoing to determine the position.

Administrators' statement of proposals (2011-10-13) · Companies House register

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Loanwell Limited (SC288273): administration

From the administrators' statement

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Loanwell Limited (SC288273)