# Xystos Wholesale Limited (06450597)

> Why UK company 06450597 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06450597

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06450597/filing-history/MzA4OTE3MDg0MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06450597

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