Face Partnership Limited (05419782): administration
- Status
- Administration ended
- Administration began
- 2017-11-23
- Administrators
- Gary Paul Shankland, David Adam Broadbent
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2005-04-09
- Location
- London
- Industry
- 93290 Other amusement and recreation activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Over-expansion / investment not recovered
From the administrators' statement
The Administrators proposals for achieving the purpose of the administration which will be sent to creditors as soon as practicable will provide detailed information in relation to the Company. The following background information is provided to assist creditors who may have limited knowledge of the Company and its affairs to better understand the reasons for the pre-packaged sale.
The Company was established in 2003 by Frances Millar and James Pope (‘the Partners”) to manage athletes, create innovative events and develop events at Manchester Velodrome. On 9 April 2005, Face Partnership was incorporated as a Company and the Partners were appointed as directors of the
Company.
Administrators' statement of proposals (2018-01-08) · Companies House register