Football Mania Limited (03361836): administration
- Status
- Administration ended
- Administration began
- 2014-03-07
- Administrators' firm
- CG&Co
- Incorporated
- 1997-04-29
- Location
- Manchester
- Industry
- 46900 Non-specialised wholesale trade
From the administrators' statement
We were approached by Mr Barry Copp Barton, the sole director of the Company, on 3 February 2014 Mr Copp Barton was recommended to CG&Co by a colleague, which resulted in Mr Copp Barton attending the offices of CG&Co to discuss the Company's financial position At this meeting a discussion took place and Mr Copp Barton advised that he was no longer tn a position to meet the Company's liabilittes as they fell due as his contracts with various professional football clubs had matured and in order to renew the same the upfront payments were prohibitive As a result of this discussion and subsequent discussions In relation to the potential realisation of the residual stock Mr Copp Barton was advised that the Company should consider an administration Mr Copp Barton confirmed that a Company associated with him would acquire the stock enabling the proposed Administrators to be comfortable that they would be able to achieve a better realisation in respect of this asset than would be achieved in Liquidation
Mr Copp Barton also confirmed that he would pay a nominal amount for the goodwill of the Company and the intellectual property rights and also take over the Company's employees
thus mitigating any claims from employees
Administrators' statement of proposals (2014-05-19) · Companies House register