Albemarle Shoreham Airport Limited (06506097): administration
- Status
- Administration ended
- Administration began
- 2016-09-07
- Administrators
- Simon James Underwood, David Robert Thurgood
- Administrators' firm
- Menzies
- Formerly
- Forsters Shelfco 293 Limited
- Incorporated
- 2008-02-18
- Location
- London
- Industry
- 52230 Service activities incidental to air transportation
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
From the administrators' statement
Founded in 1910 Shoreham Airport, (now known as Brighton City Airport) ts the oldest licenced airfield in the UK, with around 50,000 to 60,000 aircraft movements annually The combined “Shoreham Airport” site extends to approximately 242 acres and comprises three runways and a portfolio of property including a number of industrial units and two listed buildings
The airport is used for privately owned light aeroplanes, flying schools, and for light atrcraft and helicopter maintenance and sales. In addition, a number of operators provide sightseeing and pleasure flights from the airport
In 2006, property company Erinaceous Group PLC (“Erinaceous”), entered into a 150 year “peppercorn” teasehold agreement for the Shoreham Airport site with Brighton & Hove City Council and Worthing Borough Council (“the Councils”), with the intention that the airport would then provide increased flight activity for the city on the nearby coast
Administrators' statement of proposals (2016-11-10) · Companies House register