Sapphires Limited (03863881): administration
- Status
- Administration ended
- Administration began
- 2017-07-25
- Administrators
- Nimish Chandrakant Patel
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1999-10-21
- Location
- London
- Industry
- 46431 Wholesale of audio tapes, records, CDs and video tapes and the equipment on which these are played
From the administrators' statement
Sapphires Limited (“the Company”) was incorporated on 21 October 1999 and traded as a wholesaler and retailer of audio tapes, records, CDs and video tapes and the equipment on which these are played. Through a process of continuous development and acquisition, the Company possessed a suite of products and services from doing online business which was its core unique selling point. It generated most of its revenue through the online platform by attracting and securing a large number of sales for bespoke, high quality items.
The Company’s ownership was transferred on 17 March 2011 to Jersey based Company called. Burnt Tree Lodging Limited. In September 2013, Mr Kristap Kleins was appointed the director of the Company.
The Company, through its management team, possessed prior industry experience and managed to sustain and grow the Company. A key driver for the Company’s sustainability was that the Company ensured that its customers were able to order bespoke items through the online platform.
Administrators' statement of proposals (2017-09-29) · Companies House register