AMG Leisure Limited (05734582): administration
- Status
- Administration ended
- Administration began
- 2014-04-08
- Administrators
- Robert Alexander Henry Maxwell, Julian Pitts
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2006-03-08
- Location
- Leeds
- Industry
- 93290 Other amusement and recreation activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Over-expansion / investment not recovered
- Competition / price pressure
From the administrators' statement
The Company was established in 2006 by Alexander Auckland and Mark Sowray for the purpose of distributing gaming machines to amusement arcades across the country The Company traded from its headquarters at Melmerby Industnal Estate, Ripon, North Yorkshire
The Company suppled new gambling machines to amusement arcades, as well as refurbishing part exchanged units for resale
The Company acquired an amusement arcade in the costal town of Hunstanton in March 2008 as part of an expansion strategy Following the success of the first property, the Company purchased two further strategic properties in the Norfolk area in December 2011, guided by their new Norfolk sales manager These were not gambling onentated purchases but seen as worthwhile investments to increase tumover of the Company going forward
Administrators' statement of proposals (2014-06-10) · Companies House register