# 03726341 Limited (03726341)

> Why UK company 03726341 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03726341

- **Status:** Administration ended
- **Administration began:** 2012-01-03
- **Administrators' firm:** SC Advisory Services
- **Formerly:** Gemini III Limited
- **Incorporated:** 1999-03-04
- **Location:** Derby
- **Industry:** 5510

## Why it went into administration

- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Rising interest rates
- Creditor pressure / legal action

## From the administrators' statement

The Lace Market Hotel Limited (“LMH”) was incorporated on 4 March 1999 James Blick became the Managing Director in July 2005

The acquisition was funded by The Royal Bank of Scotland (“RBS”) together with substantial personal funds invested by the director. A condition of the provision of finance from RBS was for the Company to take out an interest rate hedge product to limit the rate of interest paid on the finance to a maximum and minimum level

The Company operated out of freehold and leasehold premises situated at 27 and 29-31 High Pavement, Nottingham NG1 iHE, employing 55 members of staff. Prior to the recession, the Company’s business enjoyed healthy trading periods and had a positive reputation in the market

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03726341/filing-history/MzA1MTA2MjcwNWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03726341

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