Elite Karting Limited (06891120): administration
- Status
- Administration ended
- Administration began
- 2011-07-20
- Administrators
- Gordon Craig
- Administrators' firm
- Refresh Recovery
- Incorporated
- 2009-04-29
- Location
- Skelmersdale
- Industry
- 9262
Why it went into administration
- Property / lease costs
- Creditor pressure / legal action
- Bad debts / customer insolvency
From the administrators' statement
important Note_ The information contained in this section has been provided by the Director of the Company and no venfication work has been undertaken by the Administrators
The company incorporated on 29 April 2009 with Mr David Velloza and Mr John Velloza being appointed to the board The aim of the Company was to bring a premier indoor karting centre to Wigan
The company began trading in July 2009 from premises on Chapel Lane Wigan, a 30,000sq ft former MFI building on a 7 year lease with a 2 year break clause The Directors negotiated a rental payable of £150k per year with Morston Assets Ltd linitially the centre was funded by the directors through savings, personal loans and loans from family members The Directors believed that the central location would encourage corporate use, and benefit from the local nightlife for stag parties After local press interest, local press advertising, radio advertising and in house promotronal work alongside the construction of a website, initial sales were encouraging
Administrators' statement of proposals (2011-09-14) · Companies House register