# Madiran Limited (03059709)

> Why UK company 03059709 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03059709

- **Status:** Administration ended
- **Administration began:** 2013-01-21
- **Administrators' firm:** Kroll
- **Formerly:** Madiran Hotels Ltd; Tpot Productions Limited
- **Incorporated:** 1995-05-22
- **Location:** Manchester
- **Industry:** 55100 Hotels and similar accommodation

## Why it went into administration

- Sustained trading losses
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure

## From the administrators' statement

Statutory information on the Company and a summary of Its financial history is included at Appendix 1

The Company operated as a hotel, bar and restaurant and traded as “The Hoops Inn” in North Devon The hotel was acquired by the Directors in November 2004 and comprises 13 bedrooms

The Company operated a merchant bank facility with Barclays and a current account held with Santander Furthermore, the Company has a loan in place with Santander, which is secured over the fixed and floating assets

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03059709/filing-history/MzA3NDQ5NTM2MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03059709

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.