Alive and Kicking SMG Limited (06470577): administration
- Status
- Administration ended
- Administration began
- 2014-01-22
- Administrators' firm
- Harrisons Business Recovery and Insolvency
- Incorporated
- 2008-01-11
- Location
- Hereford
- Industry
- 70229 Management consultancy activities other than financial management
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
Prior to the incorporation of the Company, the Director, Joseph Donkor (JD’), was heavily involved in football coaching within Schools and also was a mentor for young players Having a Degree in Business, JD decided to form a limited lability company in order to commence trading as a football agent
The Company was incorporated in 2008 and 3D was appointed as Director JD was also the sole Shareholder of the Company. The business traded from the home of 3D and obtained banking facilities with NatWest Bank plc, although no overdraft or loan facilities were requested or granted by the Bank The initial funding for the Company was provided by JD, who made Loans to the Company as and when required, which were repaid as funds allowed
JD would scout for young British based players and would assist them with signing for football clubs Players may only be signed to football clubs from the age of 16 However, JD would form a mentoring relationship with both the players and their families and would watch the players develop and mature unt! they were in a position to be signed to a football club. The Company was also able to assist players with obtaining deals with suppliers for ttems such as boots, kit and clothing
Administrators' statement of proposals (2014-03-24) · Companies House register