Vangor Investments Limited (SC554702): administration
- Status
- Administration ended
- Administration began
- 2020-10-06
- Administrators
- Brian William Milne, Eileen Blackburn
- Administrators' firm
- Quantuma
- Incorporated
- 2017-01-16
- Location
- Glasgow
- Industry
- 68100 Buying and selling of own real estate
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of our proposals has been prepared based on information provided to us by creditors of the Company, the directors of the Company and the Company's accountants, not from our personal knowledge as Joint Administrators.
C&M Wealth International Limited (C&M) approached Eileen Blackburn and me to seek our consents to act as Joint Administrators of Vangor Investments Limited (the Company). C&M are entitled to appoint Joint Administrators of the Company by virtue of their Bond and Floating Charge created on 21 December 2018. Our appointment as Joint Administrators was confirmed by Ayr Sheriff Court following of Notices of Appointment which were lodged on 6 October 2020 by C&M.
We were advised by C&M that the Company owned three flats at 1, 2 and 3 148-154 High Street Ayr, over which they held a standard security. A property search confirms that the properties were acquired in January 2019. C&M have advised that the Company had defaulted on loan repayments over the period 11 June 2019 to 24 September 2020 amounting to £65,173.
Administrators' statement of proposals (2020-11-20) · Companies House register