Seadon Construction Limited (SC377363): administration
- Status
- Administration ended
- Administration began
- 2016-07-29
- Administrators
- Simon Robert Thomas, Arron Simon Kendall
- Administrators' firm
- Moorfields
- Incorporated
- 2010-04-22
- Location
- Newton Stewart
- Industry
- 41201 Construction of commercial buildings
From the administrators' statement
The Company was formed in April 2010 and focused on the construction and acquisition of commercial and residential buildings in Newton Stewart, Wigtownshire, Scotland. Due to the depressed nature of the regional market in Newton Stewart the sole director Sean O’Hagan was unable to execute various planning, development and disposal strategies across the portfolio and subsequently defaulted on the secured loan charged to Clipper Holding II S.a.r.| (‘the lender” or “the charge holder’) as assigned by AIB Group (UK) PLC. The lender took steps to appoint Administrators as holder of a qualifying floating charge created 17 December 2010 and registered 23 December 2010 securing all sums due and to become due by the
Company to the lender.
A summary of the Company's trading performance is shown below.
Administrators' statement of proposals (2016-09-20) · Companies House register