# The Spectacle HUT Limited (05833927)

> Why UK company 05833927 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05833927

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05833927/filing-history/MzExOTgzMDg2OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05833927

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