The company behind Newcastle’s virtual shooting range and cocktail bar Point Blank has been put into liquidation.
Point Blank opened three years ago in the former Co-op building at The Gate, filling the void left when Brazilian restaurant Cabana closed suddenly two years before that. The firm had invested £500,000 into the building to create a series of booths where customers could pretend to fire guns, using imitation weapons to shoot targets on big screens as they drank cocktails and ate American-style food.
The venue aimed to deliver a safe, fun and immersive experience, featuring simulated shooting using state-of-the-art technology from the US, where the systems are used by professionals to train and develop skills in non-live round environments. Now, however, Trigger Happy UK Ltd – which trades as Point Blank in Newcastle, Liverpool and Manchester – has appointed liquidators after members of the company passed a special resolution that the company be wound up voluntarily last month.
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The company, which had its registered office at Monkton Business Park South in Hebburn, South Tyneside, appointed Craig Johns and James Fish, both of Cowgill Holloway Business Recovery LLP in Bolton, as joint liquidators on May 4. Following the start of the creditors’ voluntary liquidation process, a statement of affairs was filed at Companies House for Trigger Happy UK Ltd, which shows the firm is being liquidated with a total deficit of £636,705.
It also shows that the firm has £76,040 available for preferential creditors, but a deficit of £531,142 in terms of cash owed to second preferential creditors, including HMRC which says it is owed £204, 055 in VAT and £403,126 in PAYE and National Insurance contributions. Unsecured creditors include trade and expense creditors who are owed £99,301 but there are no assets available to pay them, the document says.
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