# Elite Karting Limited (06891120)

> Why UK company 06891120 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06891120

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06891120/filing-history/MzA0MzgyODcxOWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06891120

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