# Tsunami (UK) Limited (03616006)

> Why UK company 03616006 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03616006

- **Status:** Administration ended
- **Administration began:** 2012-10-31
- **Administrators:** Anne Clare O'Keefe, Fraser James Gray, Simon Wilson
- **Administrators' firm:** AlixPartners
- **Formerly:** Tsuniami Limited
- **Incorporated:** 1998-08-14
- **Location:** Manchester
- **Industry:** 47599 Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store

## Why it went into administration

- Creditor pressure / legal action
- HMRC / tax arrears

## From the administrators' statement

The Company was incorporated on 14 August 1998 The Company designed and sold bespoke high specification kitchens from a leased showroom in London. The Company in effect had an exclusive UK supply agreement with its main supplier Minott: Cucine Srl (Minottt), a premium Italian kitchen manufacturer

The Company traded for a number of years and in July 2009 the shareholding was sold to Pidgeon Limited (the Parent Company), (which 1s majority owned by David Pidgeon) for the sum of approximately £3.5 million

This was funded via a combination of bank debt (£2.0 mithon), deferred consideration (£1 3 million) which was secured and equity (£200,000) The Co-operative Bank plc (the Bank) also provided an overdraft facility to the Company which at the time of the

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03616006/filing-history/MzA2ODMzNDQxOGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03616006

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