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Crucial Plan
- BY: Andrew Hore |
- POSTED: 05/08/2009 |
Former Aim company Crucial Plan has been placed in liquidation by the Official Receiver.
The order to wind up the company was made on 22 April 2009. The accounts to April 2008 have not been lodged with Companies House. Subsidiary Green Symbol Ltd was the subject of a winding up order on 21 January 2009.
The sale of The Borrowdale Gates Hotel, Crucial Plan’s only business, raised £1.7m in September 2008. At the end of October 2007 the balance sheet value of the hotel was £1.83m. The board said that it was going to repay borrowings of £1.3m from the proceeds of the disposal.
Crucial Plan intended to change its strategy and invest in the minerals, precious metals and resources sector. However, WH Ireland announced its resignation as nominated adviser and broker to Crucial Plan at the end of January 2009. The Aim quotation was cancelled on 16 March 2009.
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