Heritable+Bank+PLC

=Heritable Bank Public Limited Company=

Company Number: SC000717 Date of Incorporation: 6 January 1887 Contact Details: c/o Ernst & Young LLP, George House, 50 George Square, Glasgow, Lanarkshire, Scotland, G2 1RR Operating Details: In administration from 7 October 2008 Other names (if known): Heritable Investment Bank (initial name until at least 1945), Heritable and General Trust Limited (up to 1987), Heritable & General Investment Bank Limited (1987-1989), The Heritable and General Investment Bank Limited (1989-2001), Heritable Bank Limited (2001-2008) Function of Company*: Other financial operations (6523) Headquarters/Base of Operations Location: Glasgow, later London Area of Operation: London based banking/lending and investment. Part of a larger, multinational group.


 * Taken from Standard Industrial Classification 2003, as used by Companies House in 2010

Records
This organisation is currently in administration, and the liquidators have been unwilling to contact me about access to the records, if any exist.

Related records: Some records in the NAS relating to court cases and changes of name and articles of association etc.

Company History
This bank was established in Glasgow in 1877, and incorporated ten years later (the gap between establishment and incorporation is not surprising, as many banks in Scotland remained suspicious of limited liability until relatively late in the 1800s).

In 1950 it moved its centre of operations from Glasgow to Hill Street, just off Berkely Square in London, and appears to have operated as an investment specialist (particularly in property). In 2000 the business was taken over by Landsbanki of Iceland, and became the mortgage and property development specialist of the bank in London. Structured Property Finance PLC was set up by the bank in 2005 to help in this aim. However the credit crunch and the collapse of the economy in Iceland caused the bank to go into administration, and for many of its assets to be sold on to pay the creditors in 2008. ING took over many of the British cash deposits.