Xystos Wholesale Limited (06450597): administration
- Status
- Administration ended
- Administration began
- 2013-09-25
- Administrators
- Mark Granville Firmin, Howard Smith, Jonathan Charles Marston
- Administrators' firm
- KPMG
- Incorporated
- 2007-12-11
- Location
- Newcastle upon Tyne
- Industry
- 46900 Non-specialised wholesale trade
Why it went into administration
- Funding withdrawn / unable to refinance
- Competition / price pressure
From the administrators' statement
Xystos Wholesale Limited was incorporated on 11 December 2007 and acquired certain of the business assets of Collectables Glass and China Limited on 31 March 2008, through a solvent restructuring of that company The business has traded under the collectables brand since 1986 The Company was a wholesaler of homeware, glass and giftware products, purchasing substantially all of its stock from a related company owned by the Lewis family, Eighteen Ten Limited Since 2011 the Company has made all of its sales, including those to Collectables Retail Limited, through a distribution agreement with another related entity, Xystos Limited
The Company was based in Blaydon, Tyne & Wear
The Company ts one of three entities now in administration and linked by common shareholders and common banking security, being Xystos Wholesale Limited, Collectables Property Limited and Collectables Reta! Limited
Administrators' statement of proposals (2013-11-21) · Companies House register