From the administrators' statement

The Company owns a dilapidated residential property located at Berrywell House, Duns, Scotland, TD11 3HR

The Property is subject to a fixed charge held by the Chargeholder. The Company failed to meet the requirements of the Chargeholder in relation to the repayment of monies advanced to fund the Company. The directors concluded that it was appropriate to appoint an Administrator to the Company. John Hansen of KPMG was appointed as Administrator on 13 February 2013.

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Greengates Property Development Limited (SC330324)

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