# Space World Limited (06800723)

> Why UK company 06800723 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06800723

- **Status:** Administration ended
- **Administration began:** 2014-10-03
- **Administrators:** Lila Thomas, David Robert Acland
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2009-01-26
- **Location:** Preston
- **Industry:** 82990 Other business support service activities n.e.c.

## Why it went into administration

- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Sustained trading losses

## From the administrators' statement

The Company operates a children’s play centre from leasehold premises at Units 2 & 3 Ropers Court, Sinclair Way, Prescot Business Park, Prescot, L34 1QN The Company began trading in 2009 under the directorship of husband and wife team, Mark and Gillan Baldwin Over recent months, Mrs Baldwin's health has deteriorated resulting in her resignation from the Company in June 2014

The Company's operations have been supported by an overdraft facility granted by The Royal Bank of Scotland ple (‘the Bank”) along with an Enterprise Finance Guarantee ("EFG") Loan for £80,000 which was repayable over a 10 year period

The reasons for the Company’s insolvency The Company began to expenence financial difficulties as a consequence of a general decline in turnover

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06800723/filing-history/MzExMjA0MTEwOWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06800723

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.