AIR Trampoline (Cardiff) Ltd (09570904): administration
- Status
- Administration ended
- Administration began
- 2018-11-20
- Administrators
- Bethan Louise Evans, John Dean Cullen
- Administrators' firm
- Menzies
- Formerly
- AIR Trampoline (Franchise) Ltd; GO AIR Trampoline (Franchise) Ltd; AIR Trampoline (Franchise) Limited
- Incorporated
- 2015-05-01
- Location
- Cardiff
- Industry
- 93290 Other amusement and recreation activities n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Weak consumer demand
- Energy costs
From the administrators' statement
The Company was incorporated on 1 May 2015. The Company’s principal activity was a trampoline park, and was a wholly owned subsidiary of 4) Leisure Ltd (“4JLL”).
The Company traded from leasehold premises at Ty Glas Avenue, Cardiff, CFi4 5DX (“the Premises”).
The Company commenced trading in November 2015. The Company's initial funding was provided by shareholder capital of £750,000. In addition, HSBC Bank plc (“HSBC”) provided an overdraft facility of £30,000 which is understood to have been guaranteed by a shareholder of 4JLL.
Administrators' statement of proposals (2019-01-16) · Companies House register