# Rieves UK Limited (06781902)

> Why UK company 06781902 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06781902

- **Status:** Administration ended
- **Administration began:** 2015-01-06
- **Administrators' firm:** Auria Recovery
- **Incorporated:** 2009-01-02
- **Location:** 27 Clements Lane
- **Industry:** 47789 Other retail sale of new goods in specialised stores (not commercial art galleries and opticians)

## Why it went into administration

- Loss of a key customer, supplier or contract

## From the administrators' statement

The Company traded successfully for 6 years, operating from 36 kiosks in major shopping centres around the UK The Company had its head office in Market Harborough and employeed 124 staff The main activity was the sale of lottery tickets and scratch cards to the general public

Following correspondence and discussions with the largest supplier, Camelot UK Lotteries Limited (“Camelot”), at the end of 2014, Camelot served the Company with notice of the termination of their contract in December 2014 The effective date of termination was 12 January 2015 The effect of the termination would cause substantial reductions in the turnover and profit for the Company Camelot represented approximately 96% of the Company’s turnover

The Directors took legal advice from Eversheds LLP (“Eversheds”) in relation to the termination clause and the validity of the reasons provided by Camelot for terminating its agreement with the Company

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06781902/filing-history/MzExODYyNjkxNmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06781902

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