# In2Europe Ltd (04557017)

> Why UK company 04557017 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04557017

- **Status:** Administration ended
- **Administration began:** 2014-12-19
- **Administrators:** Michael Stephen Elliot Solomons, Andrew James Pear
- **Administrators' firm:** BM Advisory
- **Incorporated:** 2002-10-08
- **Location:** London
- **Industry:** 47910 Retail sale via mail order houses or via Internet

## Why it went into administration

- Sustained trading losses

## From the administrators' statement

The Company was incorporated on 8 October 2002 and operated as an online distributor of golf equipment and clothing. The Company did not trade from any retail or high street premises but leased a small warehouse at Unit 12, Camberley Business Centre, Camberley GU15 3DP to store its stock

At its peak in 2007, the Company’s turnover was circa £1 9million; however, in the most recent unaudited financial statements for the pertod ended 30 June 2013, turnover had declined to arca £1.4million, representing a significant decrease of 26% from 2007. The reasons cited for the decline in turnover were both economical and operational, being the global recession in 2008 which ultimately impacted on private consumers’ disposable income levels, coupled with an overall slowdown in the economy. In addition, a number of technical difficulties were encountered with the online sales platform which the director advised was operating at a sub-standard level

Summary of financial history

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04557017/filing-history/MzExNzIzMDMyMWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04557017

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