Peartree (Scotland) Ltd (SC325817): administration
- Status
- Administration ended
- Administration began
- 2011-06-20
- Administrators
- Paul Dounis, Kenneth Wilson Pattullo
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2007-06-20
- Location
- Edinburgh
- Industry
- 4521
From the administrators' statement
The Company operated as a property developer and was developing a site known as Rosetta House in the Inverleith area of Edinburgh.
The property is a listed building and was separated into four separate units, one of which was sold prior to the appointment of the Joint Administrators. The remaining three have been on the market and generated some interest however have had no offers.
The reasons for the Company's insolvency are mainly due to completion delays and escalating costs. The Company was unable to continue to develop the site and unable to achieve a sale in the current market.
Administrators' statement of proposals (2011-08-18) · Companies House register