Eastpoint Centre Limited (02009985): administration
- Status
- Administration ended
- Administration began
- 2014-01-22
- Administrators' firm
- BDO
- Incorporated
- 1986-04-14
- Location
- Northampton
- Industry
- 96090 Other service activities n.e.c.
Why it went into administration
- Property / lease costs
- Sustained trading losses
From the administrators' statement
Eastpoint Centre Limited (“ECL”) was incorporated in April 1986 and was based at Eastpoint, Bursledon Road, Thornhill, Southampton, Hampshire The Company, a registered charity provided recreation, education and social welfare for local residents in the area
During the early 1990's a change in funding by Hampshire County Council (“HCC”) meant that Adult Education classes could be provided with HCC’s financial support As a result ECL became the largest provider on non-vocational education in Southampton This provided the main source of the Company's revenue along with an annual grant received from Southampton City Council (“SCC”)
In December 1999, with the cost of maintaining the building and grounds a constant issue, ECL held talks with SCC and a number of other parties with a view to receiving a part of £49 5m from the New Deal for Community (“NDC”) funds that were reserved for rejuvenating the Thornhill area tn Southampton
Administrators' statement of proposals (2014-03-25) · Companies House register