Kidz About Limited (07203517): administration
- Status
- Administration ended
- Administration began
- 2022-11-18
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2010-03-25
- Location
- London
- Industry
- 93290 Other amusement and recreation activities n.e.c.
Why it went into administration
- HMRC / tax arrears
- Property / lease costs
- COVID-19
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
From the administrators' statement
Kidz About Limited (the Company”) was incorporated on 25 March 2010 by Ricky Leslie Burnett, who resigned as a Director on 4 May 2021. Thereafter Alistair Malcoim Burnett, who was appointed on 1 September 2017, became the sole Director. The shareholders are Ricky Leslie Burnett and Donna Burnett.
The principal activity of the Company was that of a children’s play centre and which provided a clean, safe and fun environment for local families to bring their children to play and have parties at a purpose built indoor soft play frame. The Company initially traded from a leasehold warehouse unit located on the Blagrove Industrial Estate in Swindon relocating to leasehold premises at Spectrum House, Rivermead Industrial Estate, Swindon, SN5 7UT in April 2011.
Over the years several loans were taken and repaid to assist with the operation and expansion of the Company's business, namely to fund the relocation and expansion to include an 18 hole indoor adventure golf course trading as the Golfing Hole from the same location. These loans included bank lending, asset finance and crowd funding.
Administrators' statement of proposals (2023-01-16) · Companies House register