FM Front Door Limited (SC296514): administration
- Status
- Administration ended
- Administration began
- 2011-10-21
- Administrators
- Graham Douglas Frost, John Bruce Cartwright
- Administrators' firm
- PwC
- Formerly
- Lothian Shelf (362) Limited
- Incorporated
- 2006-02-02
- Location
- Edinburgh
- Industry
- 7487
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Property / lease costs
- Parent or group failure
From the administrators' statement
The Company was incorporated in 2004 and is part of a group of companies under the common control of the director, Jonathon Milne. The Company’s ultimate parent, FM Developments Limited and 9 other companies in the Group were placed into Administration on 23 February 2009.
The Company was set up for property investment and rental of 45 owned residential flatted dwelling houses in various sites in Edinburgh and Glasgow. At the date of appointment, 36 of the residential properties were occupied and 9 were vacant. The Company operated from leased property in Fife, employing 5 staff.
Administrators' statement of proposals (2012-01-16) · Companies House register