Carfin Developments Limited (SC291487): administration
- Status
- Administration ended
- Administration began
- 2012-05-04
- Administrators
- Anne Clare O'Keefe, Elizabeth Galbraith Mackay, Fraser James Gray
- Administrators' firm
- AlixPartners
- Formerly
- Carfin Investments Limited
- Incorporated
- 2005-10-10
- Location
- Glasgow
- Industry
- 41100 Development of building projects
Why it went into administration
- Weak consumer demand
- Funding withdrawn / unable to refinance
- Property / lease costs
From the administrators' statement
The Company's principle activity was the development of a site located in Carfin, Motherwell, The site has been partially developed to provide a retail parade, detached teisure unit, children’s nursery and residential dwellings. The remainder of the site is still to be developed.
Retail parade
The retail parade consists of eight units, ail of which are currently let. The Company instructed a management agency to look after the day to day running of the parade, including the collection of rental monies. The Joint Administrators are currently reviewing their options in relation to the ongoing management of the units.
Administrators' statement of proposals (2012-07-16) · Companies House register