WEB Shop Direct Limited (04373134): administration and why it failed

WEB Shop Direct Limited (04373134): administration

Status: Administration ended
Administration began: 2025-09-17
Administrators: Daniel Mark Richardson, Nick Brierley
Administrators' firm: CG&Co
Formerly: Stealth Europe Limited
Incorporated: 2002-02-13
Location: Manchester
Industry: 47910 Retail sale via mail order houses or via Internet

Why it went into administration

Cash flow / liquidity pressure

From the administrators' statement

‘ The Company had falten into arrears with its creditors and had insufficient working capital to pay the

ongoing costs. The Company already had taken out loans.to fund trading and the Directors did not

-beliéve that.any further funding would be available to'the Company due to. the level of its debt. As

Administrators' statement of proposals (2025-09-29) · Companies House register

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