# South Quay Travel & Leisure Limited (02420678)

> Why UK company 02420678 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02420678

- **Status:** Administration ended
- **Administration began:** 2020-07-20
- **Administrators:** Paul David Williams, Edward Robert Bines
- **Administrators' firm:** Kroll
- **Incorporated:** 1989-09-07
- **Location:** London
- **Industry:** 96090 Other service activities n.e.c.

## Why it went into administration

- COVID-19
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Parent or group failure

## From the administrators' statement

Asa direct result of the COVID-19 pandemic, the Group had ceased cruising operations and was suffering cashflow difficulties.

Prior to the Appointment Date, Duff & Phelps were engaged by the UK Group to assist with refinancing. ;

On 20 July 2020, despite the Directors best efforts over the preceding months, the board concluded that they were unable to secure a refinance arrangement. As a result, the board - made the decision to place the Company and the UK Group into Administration.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02420678/filing-history/MzI3ODY4NDUxOWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02420678

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