# Vesternet Ltd. (05165889)

> Why UK company 05165889 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05165889

- **Status:** Administration ended
- **Administration began:** 2017-02-03
- **Administrators:** Claire Louise Dwyer
- **Formerly:** Zigbee (UK) Ltd.; Vesternet Ltd.; Zigbee Ltd.; Vesternet Ltd.; Zigbee (UK) Ltd.; Zigbee.Co.Uk Limited
- **Incorporated:** 2004-06-29
- **Location:** Didsbury
- **Industry:** 47540 Retail sale of electrical household appliances in specialised stores

## Why it went into administration

- Creditor pressure / legal action
- HMRC / tax arrears
- Property / lease costs
- Over-expansion / investment not recovered
- Rising interest rates

## From the administrators' statement

Relevant extracts from the Company's financial statements are summarised below

yle 30.6.2015 yle 30.6.2014 yle 30.6.2013

Turnover £948,411 £708,907 £377,625 Net profit(loss) £41,482

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05165889/filing-history/MzE3MDIxNzEwMWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05165889

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