O L M C Limited (05020012): administration
- Status
- Administration ended
- Administration began
- 2012-10-26
- Incorporated
- 2004-01-20
- Location
- Intake Lane
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Sustained trading losses
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Property / lease costs
- Regulatory change or action
From the administrators' statement
The information below is a detailed summary of background information about the Company and provides an explanation of the circumstances surrounding the sale of the Company’s business and tangible assets
The Company was incorporated on 20 January 2004 The Directors of the Company upon incorporation were Carl Myers and Belinda Howard Each Director had a 50% shareholding in the Company to reflect the capital they invested in the Company. The secretary of the Company was Margaret Allen At this time, Mr Myers and Ms Howard were a cohabiting couple
It was later decided that an equal number of Directors would cause the Company issues if the Directors ever had a difference of opinion on board matters Given that Mr Myers had significant experience tn the field that the Company traded in, it was decided that Ms Howard would resign from the board on 02 February 2004.
Administrators' statement of proposals (2012-11-12) · Companies House register