# Shipmates Chandlers Limited (05030318)

> Why UK company 05030318 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05030318

- **Status:** Administration ended
- **Administration began:** 2012-04-10
- **Administrators:** Jeremiah Anthony O'Sullivan, Samuel Jonathan Talby
- **Administrators' firm:** Aua Insolvency Risk Services
- **Incorporated:** 2004-01-30
- **Location:** Exter
- **Industry:** 5248

## Why it went into administration

- Sustained trading losses

## From the administrators' statement

The Company was incorporated in 2004 and was set by up the two current directors as a vehicle to acquire an established business in which they had previously been partners

The Company traded as a supplier of chandlery equipment from retail premises in Dartmouth, Devon serving the local boat and yacht industry and the general public

The Company reported reasonable growth and a level of profitability for a number of years However, in early 2010 the Company's business was severely affected by a fire in adjacent trading premises An enforced short term closure of the business and the longer term impact of more aggressive parking restrictions in the area around the shop lead to an immediate and significant downturn in trade

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05030318/filing-history/MzA1NzEyMjU3OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05030318

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