# The Beach Health Club (Oban) Limited (SC248987)

> Why UK company SC248987 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/SC248987

- **Status:** Administration ended
- **Administration began:** 2011-04-27
- **Administrators:** Stephen John Evans, William Antony Batty
- **Administrators' firm:** Antony Batty
- **Incorporated:** 2003-05-07
- **Location:** Oban
- **Industry:** 9262

## Why it went into administration

- Property / lease costs

## From the administrators' statement

The company was incorporated on 07 May 2003 by Robin Morton together with his wife Denise Stacey. The company traded as a health club and was funded by a loan from the bank for £200,000 plus a Small Firm Loan Guarantee of £100,000. The directors raised £135,000 from personal borrowing and loans, The freehold trading premises at Tigh Na Craig, Oban, Argyll was purchased in 2004 for £400,000.

The Directors decided to refit the premises at a cost of £275,000 and the doors were opened for the public in June 2005.

Initially, the business was very popular and consequently had around 300 members from the end of the first year. However, the business was severely undercapitalised and continually short of cash. In 2006 the building was sold to Abertay Property and leased back to Beach. The sale proceeds covered the bank and government loans.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/SC248987/filing-history/MzAzODUyMzUyN2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/SC248987

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