London Pleasure Gardens Ltd (07528803): administration
- Status
- Administration ended
- Administration began
- 2012-08-03
- Administrators
- Robert James Harding, Lee Antony Manning
- Administrators' firm
- Deloitte
- Incorporated
- 2011-02-14
- Location
- London
- Industry
- 90040 Operation of arts facilities
Why it went into administration
- Weak consumer demand
- Funding withdrawn / unable to refinance
From the administrators' statement
The Site, under tts existing use, opened on 30 June 2012 hosting the “Weekend Paradise Gardens Festival”
The Directors had anticipated that, in the short term, they would be able to generate sufficient short term funding to complete the Site from a number of sources, including additional funding from LBN, income from planned events and trading revenue generated by virtue of the Site’s Operation as an exit route from the Excel Centre during the Olympic and Paralympic Games The Directors had hoped that this would have enabled the business to continue to trade whilst the Site and structures (The Hub and The Dome) were completed
The Company's short term cash flow position was, however, adversely impacted by
Administrators' statement of proposals (2012-10-12) · Companies House register