Brandon Homes Investments Limited (SC336188): administration
- Status
- Administration ended
- Administration began
- 2012-05-04
- Administrators
- Anne Clare O'Keefe, Elizabeth Galbraith Mackay, Fraser James Gray
- Administrators' firm
- AlixPartners
- Incorporated
- 2008-01-15
- Location
- Glasgow
- Industry
- 41100 Development of building projects
Why it went into administration
- Funding withdrawn / unable to refinance
- Weak consumer demand
From the administrators' statement
The Company’s principal trading activity was the development of a site located in Dalrymple, Ayr.
The site has a number of existing planning permissions, the most recent being granted in April 2007 for 44 two storey houses for a housing association development and August 2008 on part of the site for the erection of 22 dwellings.
Of the 22 dwellings, six semi-detached units and one detached unit have been constructed. At the end of 2011 four of the properties were completed subject to limited remedial works. Due to reasons discussed below activity at the site ceased some time ago. As a result the properties have been subjected to vandalism and now require significant internal works to bring them up to a saleable condition.
Administrators' statement of proposals (2012-07-16) · Companies House register