Arvitextil Limited (01970724): administration
- Status
- Administration ended
- Administration began
- 2011-07-20
- Administrators
- David Harry Gilbert, Antony David Nygate
- Administrators' firm
- BDO
- Incorporated
- 1985-12-12
- Location
- London
- Industry
- 5141
From the administrators' statement
The company was incorporated on 12 December 1985 and conducted business in textile trading and loan transactions It previously traded from premises known as Magnus House, 8 Ashfield Road, Cheadle (nr Stockport)
The latest filed accounts at Companies House dated 30 June 2009 confirm that the company “discontinued all textile trading and loan transactions dunng the penod and has effectively ceased to trade at 30 June 2009”
The sole asset of the company 1s a debt due from Connection Europe Limited (“CEL”) in the sum of £4 7m and a £300k personal guarantee from a Mr and Mrs Shanghavi. The debt from CEL arose from textile trading and vanous loans between CEL and the company Mr Shanghavi is a current director of CEL, with Mrs Shanghavi resigning from her directorship in June 2009 Both are understood to be heavily involved in the day-today operation of CEL, hence the joint personal guarantee for part of the CEL debt.
Administrators' statement of proposals (2011-09-15) · Companies House register