Towcester Racecourse Company,Limited(The) (00230773): administration
- Status
- Administration ended
- Administration began
- 2018-08-21
- Administrators' firm
- KPMG
- Incorporated
- 1928-05-25
- Location
- Birmingham
- Industry
- 93110 Operation of sports facilities
Why it went into administration
- Sustained trading losses
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 25 May 1928. Its principal activities involved promoting and presenting horse racing and greyhound racing. In addition the Company has provided facilities and catering services for various events and functions.
The Company operated from one site in Towcester and at the date of appointment had 137 employees.
2.2. Funding and financial position of the Company
Administrators' statement of proposals (2018-11-06) · Companies House register