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MMM Retail Investments Limited (SC618877): administration

Status
Administration ended
Administration began
2020-11-05
Administrators
Philip Deyes, Barry John Stewart
Administrators' firm
Leonard Curtis
Incorporated
2019-01-22
Location
Glasgow
Industry
68100 Buying and selling of own real estate

Why it went into administration

From the administrators' statement

The Company was incorporated on 22 January 2019 and commenced trading as a property investment business. The Company acquired 117 Cedar Drive, East Kilbride, Glasgow, G75 9HZ and 2C and 2D Academy Street, Hurlford, Kilmarnock, KA1 5BU in April 2019.

117 Cedar Drive, East Kilbride, Glasgow, G75 9HZ (“Cedar Drive”)

Cedar Drive comprises a detached purpose built retail unit, which is in use as a licensed convenience store. The retail unit is currently leased to Gianco Retail Ltd, a connected entity with common directorship. Cedar is subject to a standard security in favour of Assetz Capital Trust Company Ltd (“Assetz’) who also hold a floating charge over the assets of the Company.

Administrators' statement of proposals (2020-12-10) · Companies House register

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MMM Retail Investments Limited (SC618877)

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