VMS Live 2011 Ltd (07621496): administration
- Status
- Administration ended
- Administration began
- 2020-07-15
- Administrators
- Hugh Francis Jesseman
- Administrators' firm
- Antony Batty
- Formerly
- VMS Manchester Ltd.; VMS Live 2011 Ltd; Coastshore Limited
- Incorporated
- 2011-05-04
- Location
- London
- Industry
- 90040 Operation of arts facilities
Why it went into administration
- COVID-19
From the administrators' statement
The Company was incorporated on 4 May 2011 and began trading’ during the summer of 2012 under the trading name of VMS Live. The directors at the outset were Mr Forster and Mr Maides, who both brought decades of professional experience. The Company was part of a collection of _ companies with common ownership and directorship and did not officially employ staff until 2019. _ The Company operated in the music and live events sector, with a Focus on the student population . in cities across the United Kingdom, promoting and selling tickets for events and festivals it organised at its own sites as well as those run by third parties. Money paid for the shows to ticket agents would be received into the Company, which would take an agreed fee before Forwarding the balance to the promoters (if the Company was not promoting the event in question) and the ‘performers, once the event had taken place. The Company additionally entered agreements to provide management services for student venues owned by university student unions. The Company also operated an online ticketing facility known as Hull Box Office, which sold tickets - for Company and external events. .
The Company did not have an office for many years and, when meetings were required, these ‘typically took place at the home of one of the directors. A third director, Mr Car! Bathgate, joined | the: Company in 2017 to assist with the promotion of its events. The Company granted a fixed charge in favour of the Secured Creditor on 11 December 2018. The charge was held over the Company's freehold premises, The Wellington public house in Hull, known locally as “The Welly”, which was purchased in October 2018. In addition, the Company entered into a fifteen-year lease on 11 December 2018 for a second public house in Hull named The Polar Bear. :
A summary of the Company's recent trading performance is shown below. Mgmt Accts 1 June 2019 to 31 ; May 2020 »__1,247,85 564,197 683,65 _
Administrators' statement of proposals (2020-09-28) · Companies House register