Chrysalis Sales Limited (06374857): administration and why it failed

Chrysalis Sales Limited (06374857): administration

Status: In administration
Administration began: 2023-08-14
Administrators: Steven Phillip Ross, Allan David Kelly
Administrators' firm: FRP Advisory
Incorporated: 2007-09-18
Location: Newcastle upon Tyne
Industry: 47730 Dispensing chemist in specialised stores

Why it went into administration

Parent or group failure
COVID-19
Rising costs / inflation
Creditor pressure / legal action
Funding withdrawn / unable to refinance
Regulatory change or action

From the administrators' statement

The company’s statutory information is as follows:

Date of incorporation: 18 September 2007

Nature of trading: Pharmacy

Administrators' statement of proposals (2023-10-11) · Companies House register

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Chrysalis Sales Limited (06374857): administration

Why it went into administration

From the administrators' statement

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Chrysalis Sales Limited (06374857)