Pele Productions Limited (04973843): administration
- Status
- Administration ended
- Administration began
- 2012-04-02
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2003-11-24
- Location
- Bury
- Industry
- 93290 Other amusement and recreation activities n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Weather / natural events
From the administrators' statement
Pele Productions was established in 1998 and produced Christmas theatre shows in the Liverpool area The Company was incorporated on 24 November 2003 after securing a contract with the Lowry Theatre, Salford to produce their Christmas pantomime, Peter Pan The show was very successful and the Company went on to produce Chnstmas Pantomimes on yearly rolling contracts at the venue
However aiter the success of Peter Pan the Lowry renegotiated the contract to increase their percentage share but required the same level of production values Subsequent shows were also successful but the Company profit didn’t amount to the same as the initial year because of the difference in the percentage split
The Company was strong and successful gaining other theatres along the way, not as prestigious as the Lowry and with a much smaller profit margin, but as they were building their reputation they thought it was Important to be seen to be producing as many shows as possible Some shows made a profit and some shows made a loss
Administrators' statement of proposals (2012-05-24) · Companies House register