OK Bulls Limited (08196681): administration
- Status
- Administration ended
- Administration began
- 2014-01-31
- Administrators
- David Frederick Wilson
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2012-08-30
- Location
- Newcastle upon Tyne
- Industry
- 93120 Activities of sport clubs
Why it went into administration
- Sustained trading losses
- Cash flow / liquidity pressure
- Management failings / irregularities
- HMRC / tax arrears
- Creditor pressure / legal action
- Parent or group failure
From the administrators' statement
OK Bulls Limited (“the Company”) (“OK Bulls”) was incorporated 30 August 2012 The company was formed as a vehicle to purchase the business and assets of Bradford Bulls Holdings Limited which had proceeded into Administration in June 2012
The company trades as a professional rugby league club and plays in the Super League at a top professional level The club Is located at Provident Stadium, Rooley Avenue, Bradford, BD6 1BS Banking facilities were provided by Barclays Bank Plc, no overdraft facility or toans were available to the company
The principal business is run through the company, however a wholly owned subsidiary Bradford Northern Rugby League Football Club (1964) Limited operates the lotteries tn its own right
Administrators' statement of proposals (2014-04-04) · Companies House register