SQG Realisations Limited (06610383): administration
- Status
- In administration
- Administration began
- 2022-12-05
- Administrators
- Anthony John Wright, Anthony Collier
- Administrators' firm
- FRP Advisory
- Formerly
- Sadaqat Global Limited
- Incorporated
- 2008-06-04
- Location
- London
- Industry
- 13200 Weaving of textiles
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
Sadaqat Global Ltd was founded by brothers, Shoaib and Khurram Mukhtar, who are 97% shareholders. The Company was incorporated on 4 June 2008. The Company’s Managing Director, Imran Kovariwala, became a minority shareholder in February 2019.
SQG is a designer and distributer of homeware, apparel and footwear delivering to retailers and direct to consumers predominantly in the UK and Europe.
SQG is connected to SLP by common shareholders and directors. SLP manufactures and supplies the majority of SQG’s products from Pakistan. SLP is the brand owner of “Sleepdown”, which covers the vast majority of the operating stock utilised by SQG.
Administrators' statement of proposals (2023-02-03) · Companies House register