Ocean Views Residence Ltd (14087048): administration
- Status
- In administration
- Administration began
- 2026-05-15
- Administrators
- Andrew Watling, Timothy John Edward Dolder
- Administrators' firm
- Opus Restructuring
- Incorporated
- 2022-05-05
- Location
- Fareham
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
Opus were first approached by VM via their solicitors Kuits, in January 2026 to provide an initial strategy regarding the Company as the works at the Property were not being completed within the timescale agreed with VM, and the build was significantly over budget. VM agreed to assist with completion of the Property, by meeting the costs being incurred to reach completion directly with suppliers and contractors.
However, the level of work dropped significantly and VM lost confidence that the works at the Property could be completed under this arrangement.
A meeting was held with VM and the Director’s representative on 13 April 2026, when it was confirmed, there were two areas of works which were to be completed, as detailed below:
Administrators' statement of proposals (2026-07-15) · Companies House register