Cranger Realisations Limited (01289363): administration
- Status
- Administration ended
- Administration began
- 2013-03-04
- Administrators
- Richard Michael Hawes, Robin David Allen
- Administrators' firm
- Deloitte
- Formerly
- Clive Ranger Limited
- Incorporated
- 1976-12-06
- Location
- Cardiff
- Industry
- 47770 Retail sale of watches and jewellery in specialised stores
Why it went into administration
- Rising costs / inflation
- Funding withdrawn / unable to refinance
From the administrators' statement
Clive Rangers’ principal activity was the sale of jewellery and diamonds operating from four locations - Bath, Cribbs Causeway, Swansea and Cardiff
As a result of the falling sales over the last couple of years, both in store and online and continued increase in costs, the imminent breach of the overdraft facility meant that the Directors took steps to place the Company into Administration This would allow the Administrators to try and sell the business as a going concern
Notices of intention to appoint Administrators were filed by the Directors on 4 March 2013
Administrators' statement of proposals (2013-05-07) · Companies House register