Henderson Leisure Ltd (06089755): administration
- Status
- Administration ended
- Administration began
- 2011-07-13
- Administrators
- David Hunter, Derek Forsyth
- Administrators' firm
- Azets
- Incorporated
- 2007-02-07
- Location
- Manchester
- Industry
- 5530
Why it went into administration
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated on 7 February 2007 and traded from owned premuses at The Castlemou, Kyleakin, Isle of Skye, 1V41 8PL The principal activity of the company consisted of three parts, the Castlemol Restaurant, the Castlemou Gift Shop and the King Haakon Bar
Historically the trade of the Company was seasonal with all parts of the business being open April to October and only the Bar remaining open for the remaining part of the year Although the Company had not filed accounts at Compares House, the directors have provided us with bmuted trading mformation for 2010, which shows that 82% of a annual turnover was generated in the months from April to October 2010
The Company faced cash flow difficulties durmg the early part of 2011 and increasingly the Company was unable to pay its liabilities as they fell due The directors, mindful of their responsibilities, sought professional advice from an insolvency practitioner which ultumately lead to our appointment as admumustrators on 13 July 2011 The directors had been considering restructuring options when, as a result of non-payment of an outstanding lability of approximately £77,000, the
Administrators' statement of proposals (2011-09-15) · Companies House register