Augusta Golf Tours Limited (07898645): administration
- Status
- Administration ended
- Administration began
- 2014-03-25
- Administrators
- David Frederick Wilson
- Administrators' firm
- Begbies Traynor
- Formerly
- Lupfaw 348 Limited
- Incorporated
- 2012-01-05
- Location
- London
- Industry
- 79120 Tour operator activities
From the administrators' statement
In 2012 the company was incorporated to take over the business previously operated by Go 2 Augusta Ltd, that business having previously gone into liquidation. Andrew Whitney had been a director of that company alongside its founder Alan Davis. The primary business was to operate annual trips to the Masters Golf Tournament in Augusta, USA. In addition a number of smaller trips were run by the company to rugby internationals at Twickenham.
The business was set up with three directors and shareholders, Whitney, John Radcliffe and John Ambler, each investing the original working capita! into the company, totalling £250,000. £100,000 each from Radcliffe and Ambler and £50,000 from Whitney. Whitney was however in the main responsible for the day to day operation of the business.
Having commenced trading in 2012 a party of approximately 160 were taken to the 2013 Masters tournament. Accounts were prepared up to January 2013, prior to that trip, which indicated a trading loss of £145,556 and an insolvent balance sheet. No further accounts have been prepared so it is unclear as to whether the 2013 trip generated a trading profit. However on the back of this trip bookings were taken for the 2014 Masters, with extensive advertising and marketing, which ultimately resulted in 210 bookings for the trip.
Administrators' statement of proposals (2018-10-26) · Companies House register