Hacindy Properties Limited (SC469621): administration
- Status
- Administration ended
- Administration began
- 2023-04-04
- Administrators
- Neil Frank Vinnicombe, Kenneth Wilson Pattullo
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2014-02-11
- Location
- Edinburgh
- Industry
- 99999 Dormant Company
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
On 14 October 2022, Begbies Traynor were approached by Crowd Property Ltd in relation to the secured loan held by the company at Westbank Steadings, Macmerry, East Lothian, EH33 2AH, which had defaulted payments. The company has obtained planning permission in order to develop the land.
The appointment of the joint administrators follows from attempts at refinancing the loan, however, Kenneth Wilson Pattullo and Neil Frank Vinnicombe were subsequently appointed as the company’s Joint Administrators on 4 April 2023.
A summary of the company’s recent trading performance is shown below.
Administrators' statement of proposals (2023-05-30) · Companies House register