Active Arena CIC - Administration

Active Arena CIC, which has operated a popular community football arena and sports bar in Lincolnshire since 2019, has entered administration following the closure of their customer-facing premises on 3 October. The company was then forced to cease trading on 10 October when severe cashflow shortages resulted in the disconnection of the arena’s electricity supply.

Despite the popularity of the venue, the company’s profit margin had been seriously depleted by rising energy prices and other cost increases associated with the cost-of-living crisis. With the company’s cashflow already stretched by Covid, this ultimately made it impossible to continue trading.

Mark Hopkins and Ian Rose of FTS Recovery were appointed joint administrators and are actively seeking a buyer for the company and its assets, with a view to its continued trading as a going concern at the current premises. The sale will be managed by Eddisons.