# Blinkbonny Property Limited (SC292143)

> Why UK company SC292143 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/SC292143

- **Status:** Administration ended
- **Administration began:** 2013-11-27
- **Administrators:** Paul Dounis, Kenneth Wilson Pattullo
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2005-10-24
- **Location:** Aberdeen
- **Industry:** 68100 Buying and selling of own real estate

## Why it went into administration

- Funding withdrawn / unable to refinance

## From the administrators' statement

The company was undertaking the development of a former farm steading at Newburgh, Cupar, Fife. The development involved the creation of five residential houses.

As discussed in section 5, one of the directors, Annaline Rae Webster, has completed a statement of affairs for the company. In addition to this, Ms Webster has also provided some initial information on the background to the company’s failure.

She advises that the site was purchased at near the height of the property market, and by the time the first house was sold, the market had dropped significantly. Additionally, the company could not raise funds to complete the externa! works on the entire site, which further impacted on the saleability of the first property, as it effectively was located on a live building site. Although the house was eventually sold, the price

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/SC292143/filing-history/MzA5MzIwODM0MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/SC292143

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