Billy Beez UK Limited (10504008): administration
- Status
- Administration ended
- Administration began
- 2020-06-18
- Incorporated
- 2016-11-30
- Location
- London
- Industry
- 93290 Other amusement and recreation activities n.e.c.
Why it went into administration
- Property / lease costs
- COVID-19
- Weak consumer demand
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
3.1 The Company was incorporated on 30 November 2016 and operates an indoor soft play area out of premises at Anglia Retail Park, Bury Road, Ipswich, Suffolk, IP! 5QP. The Company rented the premises on an informal basis from an associated company, Reboot Leisure Limited (“Reboot”). It is understood that there are no arrears outstanding in this respect.
3.2 The Company was incorporated as part of the Reboot Leisure Group (“the Group”). The Group was formed with the purpose of opening and operating indoor trampoline and leisure parks throughout Europe and the Middle East, focussing specifically on the UK. Such parks have historically been extremely successful in the US and other parts of the world, and are one of the fastest growing family entertainment centres globally.
3.8 The Company is owned by BBB Holdings Limited, a UK Company, which is in turn owned by a ‘Special Purpose Vehicle’ company, registered in UAE as Next Generation Enterprises Limited.
Administrators' statement of proposals (2020-08-21) · Companies House register