# Rileys Clubs Limited (06853841)

> Why UK company 06853841 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06853841

- **Status:** Administration ended
- **Administration began:** 2012-11-23
- **Administrators:** Jane Bronwen Moriarty, Allan Watson Graham
- **Administrators' firm:** KPMG
- **Incorporated:** 2009-03-20
- **Location:** London
- **Industry:** 93199 Other sports activities

## Why it went into administration

- Sustained trading losses

## From the administrators' statement

The Group traded 108 bars and snooker halls across the UK with its head office located in Milton Keynes It had circa 800 staff employed by all of the Compames apart from VSL

The Group had a turnover of approximately £24 4 million and made a loss of £6 9 million in the year ended 2 January 2011. The Group had been suffering financial difficulties as a result of declining sales dnven by the smoking ban, changes to the gambling act and poor trading conditions.

In July 2012, KPMG was engaged by VSHL to perform a high level cash flow review of the Group Following imtual discussions 1t became clear that funding was required in the short term and as a result KPMG was engaged to commence a sales option process on 22 August 2012

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06853841/filing-history/MzA3MTYyNDUyMmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06853841

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