 Shares in the Company were suspended from trading on 1 April 2009, when the Company announced that it was in negotiations to secure additional financing to ensure that it was able to continue trading.On 2 April 2009, Southampton Leisure Holdings declared administration after it failed to gain investment to last for the next financial year.Administrators Mark Fry and David Hudson, partners of Begbies Traynor, took over control of the parent company and all assets until a new owner could be found.