# Arvitextil Limited (01970724)

> Why UK company 01970724 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01970724

- **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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01970724/filing-history/MzA0Mzg4ODIzN2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01970724

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