# Shoosh Leisure Limited (07004478)

> Why UK company 07004478 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07004478

- **Status:** Administration ended
- **Administration began:** 2011-06-27
- **Administrators:** Jamie Playford
- **Administrators' firm:** Acuity Professional Partnership
- **Incorporated:** 2009-08-29
- **Location:** Norwich
- **Industry:** 5540

## Why it went into administration

- Cash flow / liquidity pressure

## From the administrators' statement

The Company was incorporated on 29 August 2009 The directors on incorporation were Martin Lord and Tim Stephenson The Company operated as a bar trading as “Shoosh” from premises at 78-80 Pnnce of Wales Road, Norwich, NR1 1NJ Patnck Fisher become a director on 23 March 2010 and purchased 50% of the Company's shares at that time

The bar was originally open for business from Thursday to Monday each week, with all directors taking an active role in the running of the business This ceased to be the case when a disagreement arose between Mr Fisher and Mr Lord, as a result of poor trading of the Company over the Christmas 2010 period Mr Fisher was of the view that the Company could not trade through sucessfully, unless provisions were available to fund a refurbishment and relaunch of the bar to regain the interest of customers However Mr Lord believed the Company could continue to trade successfully as it was, without investment The Company made a loss form December 2010 to March 2011

As a result of this disagreement, the relationship detenated, and Mr Lord requested for the Company's bank account to be frozen, first in January 2011 but it was unfozen shortly after, then again in March 2011 Pnor to 10 March 2011, Mr Fisher and Mr Lord attempted to come to an agreement on how to move forward with the business, but this was not possible Since March 2011, the Company's bank account, which had approximately £20,000 in tt, remained frozen starving the business of cash flow When the account was frozen again in March 2011 It was a day that wage payments were due to be transferred to employees, and so Mr Fisher paid these payments from another one of his businesses as without employees it would be impossible going forward to trade the business From that time onwards, the Company was trading only on cash receipts from customers as all card transactions were directed into the frozen account, to which Mr Fisher had no sole access This also left Mr Fisher to handle the day to day running of the business alone, as Mr Lord and Mr Stephenson took no more action to assist with these duties

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07004478/filing-history/MzA0MzMxNjk5MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07004478

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