# Omar Developments Limited (03157363)

> Why UK company 03157363 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03157363

- **Status:** Administration ended
- **Administration began:** 2012-01-06
- **Incorporated:** 1996-02-09
- **Location:** Carlisle
- **Industry:** 5510

## Why it went into administration

- Creditor pressure / legal action

## From the administrators' statement

The Company acquired the freehold property of the hotel in 1996 and over the following years undertook a programme of renovations to bring the property up

to an acceptable standard.

The Company ran up H M Revenue & Customs arrears and subsequently entered a Company Voluntary Arrangement (“CVA”) in June 2008. The terms of the CVA were for monthly contributions of £600 to be paid for a period of 12 months plus a £75,000 lump sum contribution from the re-mortgage of the Company’s property which would enable all creditors to be patd in full The Company traded satisfactorily during the ensuing year and made all 12 monthly contributions to the CVA supervisor.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03157363/filing-history/MzA1MzQ4NzYzNmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03157363

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