Casino Red (Huddersfield) Limited (05766996): administration and why it failed

Casino Red (Huddersfield) Limited (05766996): administration

Status: Administration ended
Administration began: 2012-07-04
Administrators' firm: Kroll
Incorporated: 2006-04-03
Location: Manchester
Industry: 92000 Gambling and betting activities

Why it went into administration

Cash flow / liquidity pressure
Funding withdrawn / unable to refinance
Property / lease costs

From the administrators' statement

Statutory information on the Company and a summary of its financial history is included at Appendix 1

The Company operated as a Casino from the Premises

The Company banked with NatWest and had a loan and an overdraft facility with them, the details of which are contained later in this report

Administrators' statement of proposals (2012-08-31) · Companies House register

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