# Sharda Glass Limited (04415930)

> Why UK company 04415930 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04415930

- **Status:** Administration ended
- **Administration began:** 2013-12-20
- **Formerly:** Choicestar Limited
- **Incorporated:** 2002-04-12
- **Location:** Gateshead
- **Industry:** 23120 Shaping and processing of flat glass

## Why it went into administration

- HMRC / tax arrears
- Rising costs / inflation
- Creditor pressure / legal action
- Bad debts / customer insolvency

## From the administrators' statement

The history of the company has been provided to us by the directors of the company Verification of this information has not been carned out by the administrators

The company was incorporated on 12 April 2002 but was dormant for approximately four years until it began trading in 2006 The company traded from premises in Middlesex and operated reasonably well for a number of years

During 2012 the directors invested over £1m of their own money into the company to facilitate a move into a new factory with brand new state of the art machinery The need to pay deposits, and a large amount of unexpected costs, quickly depleted the company’s working capital However, due to the strength of the company’s sales and gross margins, the company managed to keep working with limited cash flow

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04415930/filing-history/MzA5NDUzMTUyMWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04415930

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