# Retailchic Limited (06325617)

> Why UK company 06325617 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06325617

- **Status:** Administration ended
- **Administration began:** 2012-03-14
- **Administrators:** John Malcolm Titley, Andrew Poxon
- **Administrators' firm:** Leonard Curtis
- **Incorporated:** 2007-07-26
- **Location:** Bury
- **Industry:** 5242

## Why it went into administration

- Property / lease costs
- Sustained trading losses
- Cash flow / liquidity pressure
- Creditor pressure / legal action

## From the administrators' statement

The Company was incorporated on 26 July 2007 to purchase the business and assets of Silverchic Limited, which went into Administration on 13 September 2007

Operating from seven leasehold premises across Lancashire, compnsing of six stores and one premises offering office space and a warehouse, the Company traded as a high-class retailer of menswear

Funding was provided by a loan and overdraft facility provided by the Royal Bank of Scotland (“RBS”) and also a loan from the Pension Fund of John and Julie Devenney

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06325617/filing-history/MzA1NzI3NTA3OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06325617

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