It has nothing to do with government.. But upon a Ltd Co being dissolved or struck off, all assets become the property of the crown. If WMIA Ltd still owns the lease, and don't get their accounts in then the lease becomes the crown's property.
There may be a clause in the lease, and often is, that in the event of dissolution of the company the lease reverts to the free-holder (NB Council); or as is also common WMIA may only have a sub lease from a head lessor in re form of Tui or any previous owner.
It's all very complicated. I personally think WMIA will just file (crap) accounts in due course!