Leisure Adventures Ltd (05081134): administration
- Status
- Administration ended
- Administration began
- 2011-08-22
- Administrators
- James Richard Tickell, Carl Derek Faulds
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2004-03-23
- Location
- Fareham
- Industry
- 9234
Why it went into administration
- Property / lease costs
- Creditor pressure / legal action
From the administrators' statement
The company’s business was as an operator of a laser tag game operation, holding a Laser Quest franchise for the Bristol and Bath area
The company was Incorporated in March 2004 by Chris Blackwell and Steve Goddard, who both had previous experience of working within Laser Quest franchises as managers The company was incorporated to take on a franchise for a previously vacant region
The company was funded by an overdraft facility of £20k and Enterprise Finance Guarantee Scheme loans that now stand at £42k Lloyds TSB Bank advanced these sums, secured by fixed and floating charges over all company assets given in March 2006, along with the personal guarantees of the directors One director also borrowed personaily to pay company costs and 1s now owed about £35k
Administrators' statement of proposals (2011-10-14) · Companies House register