Wiltshire Golf Company Ltd (03247129): administration
- Status
- Administration ended
- Administration began
- 2015-02-05
- Administrators
- Simon James Underwood, Mark Rodney Newton
- Administrators' firm
- Menzies Business Recovery
- Incorporated
- 1996-09-03
- Location
- London
- Industry
- 93199 Other sports activities
Why it went into administration
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Property / lease costs
From the administrators' statement
The Company was incorporated on 3 September 1996 and trades under the name Hamptworth Golf & Country Club (“the club”) from feasehold premises at Hamptworth Road, Hamptworth, Wiltshire SP5 2DU
The Company ts solely owned by Golf A La Carte Limited (“Golf A La Carte”), which in turn is solely owned by Hamptworth Leisure Ltd (“Hamptworth Leisure”) The current shareholders of Hamptworth Leisure Ltd are Mark Lawrence, Ian Roberts, Kevin Jones and Geoff Billet who are the ultimate beneficiaries of the Company In addition there are 6 non-participating and non-voting preference shareholders
Over the last five years the club has operated at a loss and additional funding has been introduced to the Company In 2010, due to cashflow pressures, the shareholders of Hamptworth Leisure were asked to provide additional working capital, however three of the shareholders declined AEP (Modular Construction} Limited (“AEP”), a business owned by Mark Lawrence, a director of the Company at the time, introduced additional funding of £150,000, which was secured by a second charge behind Barciays Bank PLC
Administrators' statement of proposals (2015-03-12) · Companies House register