Getsetgo! Family Clubs Limited (11329117): administration
- Status
- Administration ended
- Administration began
- 2023-02-07
- Administrators
- Christopher Newell, Nicholas Simmonds
- Administrators' firm
- Quantuma
- Formerly
- Getsetgo! Activity Clubs Limited
- Incorporated
- 2018-04-25
- Location
- Watford
- Industry
- 93199 Other sports activities
Why it went into administration
- Cash flow / liquidity pressure
- Property / lease costs
From the administrators' statement
Nicholas Simmonds of Quantuma Advisory Limited was first approached by the Company on 16 December 2022 and subsequently instructed on 16 January 2023.
Following a review of the finanical position together with various discussions with the Directors it was established that the Company was insolvenct on both blance sheet basis and cash flow basis, as the Company could not pay its debts as and when they fell due without continued financial support.
No Moratorium under Part A1 of the Act has been in force for the Company at any time within the period of 2 years ending with the day on which it entered Administration.
Administrators' statement of proposals (2023-03-31) · Companies House register