Greenspace Forum Limited (03741111): administration
- Status
- Administration ended
- Administration began
- 2013-04-19
- Administrators' firm
- Harrisons Business Recovery and Insolvency
- Formerly
- Urban Parks Forum Limited
- Incorporated
- 1999-03-25
- Location
- Reading
- Industry
- 94990 Activities of other membership organisations n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- COVID-19
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Parent or group failure
From the administrators' statement
There were several contributory factors that led to the failure of the Group but ultimately it was the problems with cash flow that led to its demise Forum was covering all the salary costs for the regional divisions and certain of these were a pressure on the Company at a time when income was falling,
which served to exacerbate the cash flow difficulties
At the end of 2011 Forum’s directors met with Big and Heritage Lottery to see how the parlous situation for publicly financed parks might be addressed Discussion was around support for the
Administrators' statement of proposals (2013-06-19) · Companies House register