GOL Realisations Limited (03513318): administration
- Status
- Administration ended
- Administration began
- 2020-06-23
- Administrators
- Daniel Francis Butters, Daniel James Mark Smith
- Administrators' firm
- Deloitte
- Formerly
- GO Outdoors Limited; Cccoutdoors Limited; Ferrara Management Limited
- Incorporated
- 1998-02-19
- Location
- Birmingham
- Industry
- 47789 Other retail sale of new goods in specialised stores (not commercial art galleries and opticians)
Why it went into administration
- COVID-19
- Property / lease costs
- Sustained trading losses
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
_ Reasons for failure & financial distress -. The underlying business challenges have been
exacerbated by the COVID-19 pandemic. Following the UK entering a lockdown, and in line with government guidance, the management team took the decision to
‘close all stores as of 23 March 2020. GO continued to trade through its online platform (note that 66 out of 67 .
Administrators' statement of proposals (2020-07-15) · Companies House register