# Xiota Retail Limited (06787085)

> Why UK company 06787085 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06787085

- **Status:** Administration ended
- **Administration began:** 2012-10-23
- **Formerly:** Baysun Limited
- **Incorporated:** 2009-01-09
- **Location:** Chesterfield
- **Industry:** 47110 Retail sale in non-specialised stores with food, beverages or tobacco predominating

## Why it went into administration

- Property / lease costs

## From the administrators' statement

XIOTA RETAIL LIMITED - IN ADMINISTRATION

The Company was incorporated in 2009. The senior management who set up the Company were Mr Allen and Mrs Susan Hutchby (also known as Susan Kirk) and the two de jure directors Michael Reardon and Christopher Emme] At the time Mr Hutchby had recently been made bankrupt but had extensive retail experience and it was agreed by senior management that he would identify and source convenience stores for the Company to acquire which would be operated on a day-to-day basis by Mr and Mrs Hutchby.

As Mr Hutchby lived tn Bristol, the stores purchased by the Company were either located in Bnstol and/or in the south west region of England The directors funded the acquisition of the stores by taking out personal loans and injecting the funds into the Company via unsecured loans. They also provided personal guarantees to financial institutions to finance lease agreements on assets such as computer equipment and store fixtures and fittings

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06787085/filing-history/MzA2ODkzMzM1MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06787085

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