# Cranger Realisations Limited (01289363)

> Why UK company 01289363 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01289363

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01289363/filing-history/MzA3NzUzODU0NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01289363

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.