DON Leisure Holdings Limited (03819910): administration
- Status
- Administration ended
- Administration began
- 2015-03-31
- Administrators
- Mark Malone, William John Kelly
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1999-08-05
- Location
- Birmingham
- Industry
- 70229 Management consultancy activities other than financial management
Why it went into administration
- HMRC / tax arrears
- Sustained trading losses
- Weather / natural events
From the administrators' statement
The Company was incorporated in August 1999 to act as a holding company for the freehold of the Royal Pier and as the corporate shareholder for the trading company, Don Leisure Limited
The pier has operated in challenging circumstances for a number of years due to the global recession and the inherent reduction in the public’s disposable income as well as spending habits
It was believed by mid 2013 that the pier had traded through the worst of the recession and that signs of economic recovery were beginning to present themselves, however in January and February of 2014 Aberystwyth was hit badly by the widely reported storms which had a catastrophic impact on trading The promenade was subject to heavy damage and the student population, who comprise a significant source of revenue, were evacuated to their home towns As a consequence the Company fell behind with VAT and PAYE liabilities
Administrators' statement of proposals (2015-06-05) · Companies House register