HI HO Silver (Jewellery) Ltd (05042138): administration
- Status
- Administration ended
- Administration began
- 2011-03-31
- Administrators
- Andrew Martin Sheridan, Guy Edward Brooke Mander
- Administrators' firm
- Baker Tilly Restructuring and Recovery
- Incorporated
- 2004-02-12
- Location
- Bristol
- Industry
- 5248
Why it went into administration
- Shift to online / high-street decline
- Cash flow / liquidity pressure
- Property / lease costs
- Weather / natural events
From the administrators' statement
Relevant extracts from the Company’s unaudited financial statements and management accounts are summarised below.
10 months Year Year To 31/01/2011 To 31/03/2010 To 31/03/2009 (Management) (Unaudited) (Unaudited) Turnover 2,714,444 3,009,991 3,104,824 Gross Profit 1,929,080 2,010,312 1,967,013 Net Profit/(Loss) (74,303) (45,849) (58,823) Net Assets 43,425 © 117,728 113,821
Administrators' statement of proposals (2011-05-26) · Companies House register