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HEIGHWAY PINBALL BY THE NUMBERS

Pinball News Website·article·analyzed·May 10, 2018
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Analysis

claude-haiku-4-5-20251001 · $0.013

TL;DR

Heighway Pinball liquidated with £1.9M debt; investor group claims ignorance of true financial state.

Summary

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

  • Heighway Pinball was in debt to the tune of nearly two million pounds (£1,909,591)

    high confidence · Official liquidation report; headline figure explicitly stated in article text

  • The investor group (IG) claimed they were unaware of the true state of the company

    high confidence · Liquidation report repeats this claim; documented in official filing

  • Formal liquidation process began on 19th April 2018, with the company ceasing trading the following day (20th April 2018)

    high confidence · Explicitly stated in article; dates from official Directors' Statement of Affairs

  • The liquidation report is 33 pages in total

    high confidence · Explicitly stated: 'It's a lengthy read containing thirty-three pages in total'

  • MB Insolvency was appointed as liquidator; approval meeting took place on 4th May 2018

    high confidence · 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

Heighway PinballcompanyMB InsolvencyorganizationInvestor Group (IG)organizationPinball Newsorganization

Signals

  • ?

    business_signal: Heighway Pinball underwent formal liquidation in April 2018 with nearly £2M in debt and minimal realizable assets

    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

    high · Liquidation report 'repeats the claim made by the investor group (IG) that they were unaware of the true state of the company'

Topics

Company Insolvency & LiquidationprimaryBoutique Manufacturer Business FailureprimaryFinancial Mismanagement & Investor DisputesprimaryIndustry Business Healthsecondary

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

Transcript

raw_text · $0.000

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)