# HI HO Silver (Jewellery) Ltd (05042138)

> Why UK company 05042138 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05042138

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05042138/filing-history/MzAzNzgyNjQwM2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05042138

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