# Waterside Cornwall Group Limited (10746155)

> Why UK company 10746155 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10746155

- **Status:** Administration ended
- **Administration began:** 2020-03-17
- **Administrators:** Colin Hardman, Lane Gary Bednash, Finbarr O'Connell
- **Administrators' firm:** Evelyn Partners
- **Formerly:** Elysian Resorts Group Limited
- **Incorporated:** 2017-04-28
- **Location:** London
- **Industry:** 55100 Hotels and similar accommodation

## Why it went into administration

- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Property / lease costs

## From the administrators' statement

The Prime Group as referenced in this report comprises the five companies that are now in administration. There is a wider Group structure, found at Appendix Il, of which PRDL is the ultimate parent company. This includes the entities Costa Property Holdings Ltd “CPHL”, Costa Support Ltd “CSL”, Colina Property Holdings Ltd “CPHL2” and Colina Support Ltd “CSL2”. The Costa and Colina entities are the property holding companies and operational companies for an inland site and coastal land site in the Dominican Republic.

The Dominican Republic properties

LCF’s books and records confirm that loans totalling £49.3m are due from the Costa and Colina companies. The administrators of LCF, further to their continuing investigations, have very serious concerns as to the purpose of these loans and as to how those monies were allocated.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10746155/filing-history/MzI2NDk4MzE2NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10746155

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