The People's Development Trust (SC404876): administration
- Status
- Administration ended
- Administration began
- 2019-01-25
- Administrators
- Alistair Mcalinden, Blair Carnegie Nimmo
- Administrators' firm
- KPMG
- Incorporated
- 2011-08-05
- Location
- Glasgow
- Industry
- 96090 Other service activities n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Cash flow / liquidity pressure
From the administrators' statement
= The Trust is a company limited by guarantee and registered charity. It was established in August 2011 as part of the regeneration of the East End of Glasgow linked to the Glasgow 2014 Commonwealth Games.
m= The Trust's principal asset is the Hub property, from where it provided a range of services including a children’s nursery, training and adult education facilities, and a suite of rooms and theatre for hire. The Hub also hosted a café, GP surgery, pharmacy, and dentist.
m At the date of appointment, the Trust employed 25 staff, 22 of whom were based at the Hub with the other three members of staff based at other locations across Glasgow.
Administrators' statement of proposals (2019-03-22) · Companies House register