JLG Realisations Limited (05835531): administration
- Status
- Administration ended
- Administration began
- 2015-10-19
- Administrators' firm
- Kroll
- Formerly
- John Letters Golf Limited; Jollytown Limited
- Incorporated
- 2006-06-02
- Location
- Manchester
- Industry
- 46900 Non-specialised wholesale trade
Why it went into administration
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Property / lease costs
- Loss of key people
From the administrators' statement
Statutory information on the Company and a summary of Its financial history is included at Appendix 1
The Company was incorporated tn June 2006 and its principal activity is that of a licensor of intellectual property, primanly to DGUK In addition, the Company operated four driving ranges, as well as five teaching academies
The Company is a wholly owned subsidiary of PHG and forms the Group alongside DGUK DGUK's primary activity is that of the retail sale of golf equipment across 20 retail stores, as well as an online presence via Its own website as weil as well known online retail platforms DGUK ts also a 100% subsidiary of PHG
Administrators' statement of proposals (2015-11-24) · Companies House register