# Prime Resort Development Ltd (10953685)

> Why UK company 10953685 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10953685

- **Status:** Administration ended
- **Administration began:** 2020-02-03
- **Administrators:** Colin Hardman, Mark Christopher Ford, Lane Gary Bednash, Adam Henry Stephens, Finbarr O'Connell
- **Administrators' firm:** Evelyn Partners
- **Incorporated:** 2017-09-08
- **Location:** London
- **Industry:** 41100 Development of building projects

## 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- Funding withdrawn / unable to refinance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 H, 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 Casta 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/10953685/filing-history/MzI2MjQ2MDYyNWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10953685

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