Global Adventure Sport Ltd (06954566): administration
- Status
- Administration ended
- Administration began
- 2018-02-06
- Administrators
- Patrick Alexander Lannagan, Conrad Alexander Pearson
- Administrators' firm
- Mazars
- Incorporated
- 2009-07-07
- Location
- St Peters Square
- Industry
- 47640 Retail sale of sports goods, fishing gear, camping goods, boats and bicycles
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Property / lease costs
From the administrators' statement
Global Adventure Sport Ltd (“the Company”) (“Global”) was incorporated in July 2009 and traded from leasehold premises at Tattenhall, near Chester. The principal activity of the Company is retail of cycles and accessories.
The Company became one of the largest UK mainland dealer for sought after brands such as Ghost Bikes, Lapierre and Nukeproof.
Global had a retail area within its trading premises for members of the public to shop, although the main sales were achieved through their website which generated 60% of sales.
Administrators' statement of proposals (2018-04-12) · Companies House register