# Bounce Health and Fitness (Derby) Ltd (09652417)

> Why UK company 09652417 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09652417

- **Status:** Administration ended
- **Administration began:** 2018-06-07
- **Administrators:** Sean Williams, Richard Pinder
- **Administrators' firm:** Leonard Curtis
- **Incorporated:** 2015-06-23
- **Location:** Chesterfield
- **Industry:** 93290 Other amusement and recreation activities n.e.c.

## Why it went into administration

- Property / lease costs
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Sustained trading losses

## From the administrators' statement

The Company was incorporated on 23 June 2015 and commenced trading on 9 April 2016. The business operated using the trading style Bounce Revolution and the Company's registered number is 09652417. The Company's principal business activity was recreational activities with a focus on trampolining. It employed 38 members of staff.

The registered office of the Company is 9 Snelston Cresent, Derby, England, DE23 6BL. The business operated from leasehold premises situated at Siddals Road, Derby DE1 2PY (‘the Premises”). The Company occupied the Premises subject to a 5 year agreement with the landlord. Rent was £200k per annum and the Company is c£252k in arrears with its rent. Immediately prior to the Administration, the property was returned to the landlord and the lease surrendered.

The Company was initially capitalised through the introduction of funds by its Shareholders. The Company's principal source of revenue was generated by entrance fees to the park and income was supplemented by additional sales of refreshments. During the lifespan of the business, funding was obtained from Simon Parkes to support cash flow totalling c£204k and from BHFL of £158k. A further unsecured loan was obtained from an unconnected third party of £38k. In addition to this, further funds were invested into the Company by shareholders Reid Marketing Ltd and Toogood Consultants Ltd in the sum of £50,000, being £25,000 respectively.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09652417/filing-history/MzIxMDY1MDA3MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09652417

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.