Adventurelands Limited (04955484): administration
- Status
- Administration ended
- Administration began
- 2013-01-30
- Administrators
- Steven Phillip Ross, Ian William Kings
- Administrators' firm
- RSM
- Incorporated
- 2003-11-06
- Location
- Sunderland
- Industry
- 93290 Other amusement and recreation activities n.e.c.
Why it went into administration
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 6 November 2003 and commenced trading on 2 Apnil 2006 as a family entertainment centre
The Directors invested a significant amount of personal funds to ‘fit out’ the establishment and a number of property improvements were undertaken to commence trading as a family entertainment centre
In 2010 the centre received a fifth less visitors (than previous years) as the effects of the recession worked their way through the economy and local competition increased Initially it was the relatively high cost children parties that were affected however during the course of the year the Company also saw a reduction of ordinary admissions
Administrators' statement of proposals (2013-04-02) · Companies House register