RUN Ultra Ltd (07227912): administration
- Status
- Administration ended
- Administration began
- 2020-03-26
- Administrators
- Andrew Watling, Duncan Robert Beat
- Administrators' firm
- Quantuma
- Formerly
- Running the Sahara Ltd
- Incorporated
- 2010-04-19
- Location
- Dorking
- Industry
- 47640 Retail sale of sports goods, fishing gear, camping goods, boats and bicycles
Why it went into administration
- Competition / price pressure
- COVID-19
- Cash flow / liquidity pressure
From the administrators' statement
3.1. Prior to the appointment of the Joint Administrators, the Company's main source of income was via the organisation of entries for competitors in the Marathon Des Sables and Everest Trail Run events together with travel and accommodation arrangements.
3.2 As aresult of the Covid-19 outbreak, both the Marathon Des Sables and Everest Trail Run events, due to take place in April and May 2020 respectively, have been postponed until September and November 2020 respectively.
3.3. Whilst event entries remained valid for the postponed dates, the Company was unabie te obtained adequate levels of refunds in respect of travel and accommodation arrangements that had been made on behalf of the competitors.
Administrators' statement of proposals (2020-05-19) · Companies House register