# G.L.T.C. Limited (05042186)

> Why UK company 05042186 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05042186

- **Status:** Administration ended
- **Administration began:** 2023-09-13
- **Administrators' firm:** Moore Kingston Smith & Partners
- **Incorporated:** 2004-02-12
- **Location:** London
- **Industry:** 47910 Retail sale via mail order houses or via Internet

## Why it went into administration

- Supply chain disruption
- Property / lease costs
- COVID-19
- Weak consumer demand
- Rising costs / inflation
- Rising interest rates
- HMRC / tax arrears
- Sustained trading losses

## From the administrators' statement

GLTC is an independently owned, own brand retail business selling children’s homeware and toys. It was incorporated in 2004 with the Brand and assets being bought from the previous owners.

Finance

The Company has latterly been funded by its sole shareholder, a private investor.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05042186/filing-history/MzM5NDA1MjE3MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05042186

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