RM Sinsharnie Ltd (SC502512): administration
- Status
- Administration ended
- Administration began
- 2018-12-28
- Administrators
- Andrew Watling, Carl Stuart Jackson
- Administrators' firm
- Quantuma
- Incorporated
- 2015-04-07
- Location
- Aberdeen
- Industry
- 35110 Production of electricity
From the administrators' statement
The Company was incorporated in April 2015 to produce electricity by way of the construction and operation of a wind turbine in Aberdeenshire. The directors at the outset were John Maslen, lain Jennison, Andrew McLintock, and David Wyllie. In January 2016, Romana Wyllie and Mark Wyllie were appointed directors. At the point the Company entered administration the sole director was Romana Wyllie. The Company’s shares were held by Romana Wyllie (50%), John Masley (25%) and lain Jennison (25%).
The Company secured funding from Funding Knight Services Limited (“FKSL”) to purchase and commission a wind turbine at a site on Sinsharnié Farm, Aberdeenshire. The Company entered into a lease at that site and commenced the commissioning of its turbine (which was undertaken by a connected company). FKSL’s funding was secured by way of a debenture conferring fixed and floating charges over the assets of the Company granted on 30'* September 2015 and registered on 14% October 2015, in addition a negative pledge was granted over the lease held on 16" October 2015.
A summary of the Company's recent trading performance is shown below.
Administrators' statement of proposals (2017-02-23) · Companies House register