The Spectacle HUT Limited (05833927): administration
- Status
- Administration ended
- Administration began
- 2015-03-03
- Administrators
- Carl Stuart Jackson, Andrew Watling
- Administrators' firm
- Quantuma
- Formerly
- Palmalife Logistics Limited
- Incorporated
- 2006-06-01
- Location
- Southampton
- Industry
- 86900 Other human health activities
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
The Company was founded in June 2006 by Mr Mustafa Abdelhad: and Mr Hassan Abdelhadt The Company commenced trading in 2011 when Mr Irjinder Sanghera, a qualified dispensing optician, joined the board of directors as an equal shareholder Both Mr Mustafa Abdelhadi and Mr Hassan Adbelhadi resigned as directors in May 2014 and Mr Matthew Reberro joined as a director The Company’s share capital of 99 £1 shares is currently held by Mr Hassan Abdelhadh, Mr Mustafa Abdelhadi and Mr Ininder Sanghera, each holding an equal 33% share
The Company traded as an Opticians from leasehold premises tn Bexhill on Sea in East Sussex The lease ts due to expire in November 2015
The Company was established to trade as a sister company to The Spectacle Hut (Hastings) Limited which also commenced trading in 2011 Mr Ininder Sanghera and Mr Matthew Reberiro are also directors of The Spectacle Hut (Hastings) Limited
Administrators' statement of proposals (2015-03-24) · Companies House register