Urban Wind Limited (SC418615): administration
- Status
- Administration ended
- Administration began
- 2015-12-22
- Administrators
- David K Hunter, Derek Forsyth
- Administrators' firm
- Azets
- Incorporated
- 2012-03-05
- Location
- Glasgow
- Industry
- 42220 Construction of utility projects for electricity and telecommunications
Why it went into administration
- Supply chain disruption
- Property / lease costs
- Sustained trading losses
- Management failings / irregularities
From the administrators' statement
The Company was incorporated on 5 March 2012 under Company number SC418615. Its registered office is at 14 Carmyle Avenue, Glasgow, G32 8HJ which, at the date of our appointment, was its trading address. The Company previously had an office in Preston, however J understand that this was closed in September/October 2015.
A Director of the Company has provided the following commentary:
Urban Wind Ltd was a developer of funded distributed wind turbines in the UK undertaking full in house end to end project delivery (acquisition; planning; construction and asset management). The Company was formed in 2012, however, active trading really only took place towards the end of 2013 and onwards when funding routes were explored and secured and the development pipeline was expanded to an appropriate scale.
Administrators' statement of proposals (2016-03-07) · Companies House register