# HEIGHWAY PINBALL BY THE NUMBERS **Source:** Pinball News Website **Type:** article **Published:** 2018-05-10 **Beat:** Pinball **URL:** https://www.pinballnews.com/site/2018/05/10/heighway-pinball-by-the-numbers --- ## Analysis Heighway Pinball, a British boutique pinball manufacturer, entered liquidation in April 2018 with debts of nearly £1.9 million ($2.57M USD). The liquidation report reveals minimal assets and confirms an investor group claim that they were unaware of the company's true financial state. Formal liquidation began April 19, 2018, with trading ceased the following day. ### Key Claims - [HIGH] Heighway Pinball was in debt to the tune of nearly two million pounds (£1,909,591) — _Official liquidation report; headline figure explicitly stated in article text_ - [HIGH] The investor group (IG) claimed they were unaware of the true state of the company — _Liquidation report repeats this claim; documented in official filing_ - [HIGH] Formal liquidation process began on 19th April 2018, with the company ceasing trading the following day (20th April 2018) — _Explicitly stated in article; dates from official Directors' Statement of Affairs_ - [HIGH] The liquidation report is 33 pages in total — _Explicitly stated: 'It's a lengthy read containing thirty-three pages in total'_ - [HIGH] MB Insolvency was appointed as liquidator; approval meeting took place on 4th May 2018 — _Explicitly stated in timeline of events_ ### Notable Quotes > "It repeats the claim made by the investor group (IG) that they were unaware of the true state of the company" > — **Pinball News (article)** > _Core claim regarding investor group's knowledge of financial crisis; key dispute point in liquidation_ > "the headline figure is that Heighway Pinball was in the red to the tune of nearly two million pounds (£1,909,591 = $2,572,648.73 / €2,165,495.29)" > — **Pinball News (article)** > _Primary financial metric establishing scale of insolvency_ ### Entities | Name | Type | Context | |------|------|---------| | Heighway Pinball | company | British boutique pinball manufacturer; entered liquidation April 2018 with £1.9M debt | | MB Insolvency | organization | Appointed liquidator of Heighway Pinball; approval meeting 4 May 2018 | | Investor Group (IG) | organization | Financial backers of Heighway Pinball; claimed ignorance of true financial state in liquidation proceedings | | Pinball News | organization | Source of the article; published full liquidation report documentation | ### Topics - **Primary:** Company Insolvency & Liquidation, Boutique Manufacturer Business Failure, Financial Mismanagement & Investor Disputes - **Secondary:** Industry Business Health ### Sentiment **Negative** (-0.85) — Factual reporting on business failure; significant financial loss and creditor impact; tone is neutral/journalistic but subject matter is clearly negative for the industry and stakeholders ### Signals - **[business_signal]** Heighway Pinball underwent formal liquidation in April 2018 with nearly £2M in debt and minimal realizable assets (confidence: high) — Official liquidation report; company ceased trading 20 April 2018; MB Insolvency appointed as liquidator - **[community_signal]** Investor group disputes centered on claim of ignorance regarding company's true financial state; suggests governance and transparency breakdown (confidence: high) — Liquidation report 'repeats the claim made by the investor group (IG) that they were unaware of the true state of the company' --- ## Transcript Pinball News has received the report by the company liquidating the assets of Heighway Pinball following it’s appointment last week. It’s a lengthy read containing thirty-three pages in total, but it contains details of all the assets owned – there aren’t many – and all those creditors owed money by the company. It repeats the claim made by the investor group (IG) that they were unaware of the true state of the company, and reveals that the process for liquidating the business formally began on 19th April, 2018, with the company ceasing trading the following day.  The Directors’ Statement of Affairs was sent to known creditors on the 1st May, with the meeting to approve the appointment of MB Insolvency taking place on the 4th May. The report is published below, but we have redacted certain information such as the names of the personal buyers along with their home addresses, and any signatures for identity fraud reasons. ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/001-heighway-pinball-liquidation.jpg) The Heighway Pinball liquidation letter sent to creditors ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/002-heighway-pinball-liquidation.jpg) ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/003-heighway-pinball-liquidation.jpg) ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/004-heighway-pinball-liquidation.jpg) ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/005-heighway-pinball-liquidation.jpg) ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/006-heighway-pinball-liquidation.jpg) ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/007-heighway-pinball-liquidation.jpg) ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/008-heighway-pinball-liquidation.jpg) ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/009-heighway-pinball-liquidation.jpg) ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/010-heighway-pinball-liquidation.jpg) ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/011-heighway-pinball-liquidation.jpg) ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/012-heighway-pinball-liquidation.jpg) ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/013-heighway-pinball-liquidation.jpg) ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/014-heighway-pinball-liquidation.jpg) ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/015-heighway-pinball-liquidation.jpg) ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/016-heighway-pinball-liquidation.jpg) ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/017-heighway-pinball-liquidation.jpg) ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/018-heighway-pinball-liquidation.jpg) ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/019-heighway-pinball-liquidation.jpg) ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/020-heighway-pinball-liquidation.jpg) ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/021-heighway-pinball-liquidation.jpg) ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/022-heighway-pinball-liquidation.jpg) ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/023-heighway-pinball-liquidation.jpg) So, the headline figure is that Heighway Pinball was in the red to the tune of nearly two million pounds (£1,909,591 = $2,572,648.73 / €2,165,495.29).  There is though, as you have seen, a lot more detail behind that number and a number of assets yet to be realised such as tax and utility refunds. The remainder of the letter sets out the liquidator’s terms for business such as the scope of their enquiries and their fees for undertaking the work. ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/024-heighway-pinball-liquidation.jpg) ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/025-heighway-pinball-liquidation.jpg) ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/026-heighway-pinball-liquidation.jpg) ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/027-heighway-pinball-liquidation.jpg) ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/028-heighway-pinball-liquidation.jpg) ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/029-heighway-pinball-liquidation.jpg) ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/030-heighway-pinball-liquidation.jpg) ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/032-heighway-pinball-liquidation.jpg) ![The Heighway Pinball liquidation letter sent to creditors](https://www.pinballnews.com/site/wp-content/uploads/news/heighway-pinball-liquidation/033-heighway-pinball-liquidation.jpg) _(Acquisition: raw_text, Enrichment: v1)_ --- *Exported from Journalist Tool on 2026-04-13 | Item ID: cea3845e-fa3b-46f2-9739-ed032614a5a6*