Oceancrown Limited (SC300563): administration
- Status
- Administration ended
- Administration began
- 2011-08-03
- Administrators
- Toby Scott Underwood, Graham Douglas Frost
- Administrators' firm
- PwC
- Incorporated
- 2006-04-11
- Location
- Glasgow
- Industry
- 7011
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated in 2002 and traded as a property investment business, acquiring a portfolio of commercial property, predominantly in the Glasgow area. At the date of administration, the Company owned sixteen commercial sites, 15 in Glasgow and the West of Scotland and one in Edinburgh. The properties were acquired with the intention of securing tenants and, at the date of administration, 11 of the properties were tenanted. ,
Administrators' statement of proposals (2011-10-14) · Companies House register