# Graf Securities II Limited (SC430769)

> Why UK company SC430769 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/SC430769

- **Status:** Administration ended
- **Administration began:** 2014-06-09
- **Administrators:** Adrian David Allen, Keith Veitch Anderson
- **Administrators' firm:** Baker Tilly Restructuring and Recovery
- **Incorporated:** 2012-08-20
- **Location:** Edinburgh
- **Industry:** 41100 Development of building projects

## Why it went into administration

- Funding withdrawn / unable to refinance

## From the administrators' statement

Graf Securities II Limited was incorporated on 20 August 2012 and was set up as a “Single Purpose Vehicle” (SPV) to acquire and develop property.

On 5 September 2012, the company borrowed funds of £500,000 in the form of a bridging loan from Belvoir Equity Funding Limited. These funds were loaned to Graf Securities II Limited’s parent company, Graf Mortgage Corporation Ltd who in turn provided a bridging loan to Camtide Limited to enable it to refinance securities in respect of properties at 6/8, 10 and 16 Bannatyne St, Lanark, ML11 7JR and 3 & 5 Bonnet Road, Lanark ML11 7LL and a bridging loan to Davington Properties Limited to enable it to refinance securities in respect of properties at: 8 Normand Rd, Dysart, Kirkcaldy, Fife, KY1 2XJ; 2/4 & 5 Piershill Place, Edinburgh, EH8 7EH and 2 Piershill Lane, Edinburgh, EH8 7EJ. Graf Mortgage Corporation Limited took standard securities over the properties in Lanark, Edinburgh and Dysart which were assigned to Graf Securities [I Limited on 9 October 2012.

KVA\IF W\AJB\KIA/E1062897/7/SADMP0870v070414

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/SC430769/filing-history/MzEwNDU5MzQ3NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/SC430769

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.