WOW Leisure Limited (SC351752): administration
- Status
- Administration ended
- Administration began
- 2015-08-25
- Administrators
- Kenneth Wilson Pattullo
- Administrators' firm
- Begbies Traynor
- Formerly
- Ledge 1062 Limited
- Incorporated
- 2008-11-25
- Location
- Aberdeen
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Property / lease costs
From the administrators' statement
The Company operated a caravan park on land leased from Angus Council. Additionally, the Company had received a loan of £275,000 from Angus Council, which was secured by way of a Floating Charge granted over all of the Company's assets.
Angus Council advise that they had not received regular rent payments in respect of the leased land for some considerable time, and despite attempts to resolve matters amicably with the Company, had to eventually resort to raising court proceedings to evict the Company from the land.
On 7 May 2015, Forfar Sheriff Court issued an interlocutor granting Angus Council's request to have the Company evicted from the land. However, the Company then raised a further court action, seeking to have that decision overturned and whilst the Court considered that action, to have the eviction proceedings put to one side. Forfar Sheriff Court issued an interlocutor on 24 July 2015, interdicting Angus Council from progressing with eviction action, and setting a hearing to consider the matter further.
Administrators' statement of proposals (2015-10-21) · Companies House register