Kingston Residential Investments Limited (SC474262): administration
- Status
- Administration ended
- Administration began
- 2023-12-12
- Administrators' firm
- CG&Co
- Incorporated
- 2014-04-02
- Location
- Glasgow
- Industry
- 41202 Construction of domestic buildings
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
2.1 The. Company was incorporated on 2 April 2014 as property development company. Laura Ann Rowatt was originally appointed as the sole Director and shareholder on 2 April 2014. Jamie Rowatt was appointed as Director on 1 May 2018 and the share capital was increased, shares were allotted to Jamie Rowatt at this time.
2.2 Laura Rowatt resigned as a Director on 18 February 2022 and ceased as a person of significant control, transferring her shareholding to Jamie Rowatt.
2.3 The Company traded as a property developer, obtaining finance from various lending companies to assist with the development of property at Earlston Crescent, Carnbroe, Coatbridge and Moffat Manor, Calderside Place, Airdrie, ML6 8XQ, known as (“Moffat Manor") (“the Property") Further specific details in respect of the charge holders is detailed at 5.8 & 5.9.
Administrators' statement of proposals (2024-01-29) · Companies House register