# Farago Fabrics Ltd. (03485956)

> Why UK company 03485956 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03485956

- **Status:** Administration ended
- **Administration began:** 2015-02-13
- **Administrators:** Scott Christian Bevan, Simon David Chandler
- **Administrators' firm:** Mazars
- **Incorporated:** 1997-12-24
- **Location:** Nottingham
- **Industry:** 13300 Finishing of textiles

## Why it went into administration

- Rising costs / inflation
- Energy costs
- Creditor pressure / legal action
- Sustained trading losses
- Competition / price pressure

## From the administrators' statement

The company was incorporated in 1997 with Harvinder Johal and Sukhbir Johal holding 50% of the company’s shares respectively

The company purchased the assets of Farago Limited a connected company, by virtue of common directorship and ownership, from its Joint Administrators

The company commenced trading from its premises at Nansen Road and employed in excess of 50 employees

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03485956/filing-history/MzEyMTU3NDcwOGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03485956

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