Craighall Road Ltd (SC700185): administration
- Status
- In administration
- Administration began
- 2026-04-01
- Administrators
- Donald Iain Mcnaught, Graeme Norman Bain
- Administrators' firm
- Invocas Business Recovery and Insolvency
- Incorporated
- 2021-05-28
- Location
- Edinburgh
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The director has not provided an explanation of the reasons for the Company’s administration, however, from the information available, it appears that the Company was unable to sell the properties at a level where the secured creditor could be paid in full.
The Company also appears to have been involved in a legal dispute with the owner of a neighbouring property, which had resulted in an inhibition on the dependence of the outcome of the legal action being granted, which would have prevented the disposal of the property without settlement of the dispute.
I understand that Lendinvest subsequently sought repayment of its debt and the Company was unable to repay the sums due. Lendinvest subsequently took steps to appoint the Joint Administrators.
Administrators' statement of proposals (2026-05-26) · Companies House register