# Butterfly Twists Ltd (06862903)

> Why UK company 06862903 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06862903

- **Status:** Administration ended
- **Administration began:** 2018-12-21
- **Incorporated:** 2009-03-30
- **Location:** Tansley
- **Industry:** 46420 Wholesale of clothing and footwear

## Why it went into administration

- Sustained trading losses
- HMRC / tax arrears

## From the administrators' statement

Butterfly Twists Limited was incorporated on 30 March 2009 and started to trade from this date as a Wholesaler of Footwear. The company launched its now well renowned folding ballerina shoe in 2009 and alongside the other footwear within their range, traded profitably for a number of years building a good reputation within the footwear sector. The key events are as follows:

in 2012 Pentlands Brands (‘Pentland’), the private owner of some large clothing brands took a 33% share in the company but leave the company largely to its own devices. in 2013 the company hit £3 million in sales and Pentland took more of an active interest in the

company. In 2014 the company hit £5.3 million in sales and Pentland chose a closer accounting relationship

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06862903/filing-history/MzIyNzU1MzQwNmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06862903

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