World Leisure (UK) Limited (SC351770): administration and why it failed

World Leisure (UK) Limited (SC351770): administration

Status: Administration ended
Administration began: 2019-05-02
Administrators' firm: RSM
Incorporated: 2008-11-25
Location: Glasgow
Industry: 43999 Other specialised construction activities n.e.c.

Why it went into administration

Funding withdrawn / unable to refinance
Creditor pressure / legal action

From the administrators' statement

Relevant extracts from the Company's audited financial statements and management accounts are summarised below.

income Statements

Profit and Loss Account

Administrators' statement of proposals (2019-07-17) · Companies House register

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Balance sheet: assets, liabilities, working capital and net assets
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World Leisure (UK) Limited (SC351770): administration

Why it went into administration

From the administrators' statement

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World Leisure (UK) Limited (SC351770)