Newbury Leisure Limited (02631531): administration
- Status
- Administration ended
- Administration began
- 2012-05-29
- Administrators
- Martha Hanora Thompson, Antony David Nygate
- Administrators' firm
- BDO
- Formerly
- Northfield Leisure Limited
- Incorporated
- 1991-07-23
- Location
- London
- Industry
- 9272
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 23 July 1991 and operated bowling centres under the brand Lakeside Superbowl. The business was managed by the original founding family since 1991. The Company operated 8 bowling alleys (5 leasehold, 2 freehold and 1 long leasehold) and one wine bar (leasehold) in locations throughout the UK.
In November 2010 the Company entered into a Company Voluntary Arrangement (‘CVA’) and Deff & Phelps Ltd (formerly MCR) were appointed Supervisors of the CVA The aim of the CVA was to restructure the business, principally through the closure of non performing bowling outlets and a reduction in head office staff.
In April 2012 the Company experienced further cash flow difficulties, notwithstanding the restructuring of the business via the CVA and a sale process was undertaken by BDO LLP and agents Chnstie & Co.
Administrators' statement of proposals (2012-07-27) · Companies House register