Blair Nimmo and Geoff Jacobs from Interpath Advisory were appointed joint administrators of Trident (Scotland) Limited on 1 December 2021.
The Company owns and operates Trident House, a large five-storey office development located just off the M8 motorway in Paisley, close to Glasgow Airport.
The development comprises approximately 108 units, and is presently occupied by a variety of tenants including companies operating in the call centre, charity and retail sectors.
The Company had experienced financial challenges arising as a result of the pandemic. Due to cash flow challenges the director sought to restructure the debt but was not successful resulting in an administration appointment.
Blair Nimmo, chief executive of Interpath and joint administrator, said: “Trident House is a large, modern, flexible office development, benefiting from close proximity to local transport links. We continue to review options for the site, but anticipate being able to bring the property to market early in the new year.”
Geoff Jacobs, Managing Director of Interpath and joint administrator, noted: “If any party has an interest in acquiring the property they should make contact with the administrators to register their interest.”