MMM Retail Properties Limited (SC615069): administration
- Status
- Administration ended
- Administration began
- 2020-11-05
- Administrators
- Philip Deyes, Hilary Pascoe
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2018-11-30
- Location
- Glasgow
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 30 November 2018 and commenced trading as a property investment business. The Company acquired 2B Academy Street, Hurlford, Kilmarnock, KA1 5BU in February 2019.
2B Academy Street, Hurlford, Kilmarnock, KA1 5BU (“Academy Street” or “the Property”)
Academy Street forms part of a block of retail properties and at present, is subject to a lease with Co-operative Group Food Ltd (“Co-Op”) with annual rental of £54k per annum. The lease commenced in 2015 on a 15 year lease term with no break options.
Administrators' statement of proposals (2020-12-09) · Companies House register