# Towcester Racecourse Company,Limited(The) (00230773)

> Why UK company 00230773 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/00230773

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/00230773/filing-history/MzIxODc3MjQwM2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/00230773

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