# Myddelton Leisure Limited (02851423)

> Why UK company 02851423 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02851423

- **Status:** Administration ended
- **Administration began:** 2012-08-10
- **Administrators:** Nigel Price, William John Kelly
- **Administrators' firm:** Begbies Traynor
- **Formerly:** Simco 558 Limited
- **Incorporated:** 1993-09-08
- **Location:** Birmingham
- **Industry:** 7487

## Why it went into administration

- Property / lease costs
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Competition / price pressure

## From the administrators' statement

Myddelton Leisure Ltd was incorporated in late 1993 for the sole purpose of acting as the operating company for Chirk Golf Club and Chirk Marina, which commenced trading tn 1994

Chirk Golf Club was built between 1990 and 1992 The 9 Hole Course and 15 bay Driving Range were opened in 1991, and the 18 Hole Course and two storey Clubhouse (comprising a professional shop, bar and restaurant, ladies and gents changing and shower rooms, and admin offices) was opened in 1992 The marina, operated by a non-connected company, has capacity to offer berthing for up to 174 canalboats

Myddelton Leisure Ltd was granted a 50 year lease of Chirk Golf Club and Chirk Marina in April 1994 The onginal terms of the lease noted the rent as being determined by the annual interest payable on £800,000 of debt associated with the development of the golf club, although the rent payable could also be reviewed under the terms of the lease to the current market rent of the golf club and marina

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02851423/filing-history/MzA2NDQ1MDcwOWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02851423

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