MC6 Ltd. (SC338933): administration and why it failed

MC6 Ltd. (SC338933): administration

Status: Administration ended
Administration began: 2015-12-07
Administrators: Brian William Milne, Eileen Blackburn
Administrators' firm: Quantuma
Incorporated: 2008-03-05
Location: Edinburgh
Industry: 41100 Development of building projects

From the administrators' statement

According to the Directors and in light of our investigations to date, the insolvency of the company was largely due to the following factors:

. Economic slowdown due to general economic climate . Decline in the property market

. Withdrawal of development funding by lender Objective of the Administration

Administrators' statement of proposals (2016-01-28) · Companies House register

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MC6 Ltd. (SC338933): administration

From the administrators' statement

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MC6 Ltd. (SC338933)