Sovereign Leisure Limited (04704077): administration
- Status
- Administration ended
- Administration began
- 2013-03-21
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2003-03-19
- Location
- Preston
- Industry
- 32409 Manufacture of other games and toys, n.e.c.
Why it went into administration
- Weak consumer demand
- Creditor pressure / legal action
From the administrators' statement
Sovereign Leisure Limited was incorporated on 19 March 2003 and began trading from its inception from rented premises situated at Unit 24a, Victona Business Centre, Mount Street, Accrington, Lancashire BB5 OPJ
The Company's principal trading activity was the manufacture of bespoke billiard, poo! and snooker tables and the manufacture of related accessories The Company's two directors, William Seaton and Mario Losardo, set up the Company following their compulsory redundancy from Riley Leisure Limited (‘Riley’) which entered administration in November 2002
Seeing an opportunity in the market for a niche supplier of table sports products, the directors hired a further two ex-employees of Riley, subsequently amassing a skilled workbase sharing combined experience of over 30 years in both technical design and manufacturing, including 10 years experience in the manufacture of World Tournament Tables supplied to the World Snooker Association
Administrators' statement of proposals (2013-04-24) · Companies House register