Angela Knight Limited (06930475): administration
- Status
- Administration ended
- Administration began
- 2013-04-15
- Administrators
- Dorothy Avice Brown, Stephen Patrick Jens Wadsted
- Administrators' firm
- Frost Group
- Incorporated
- 2009-06-11
- Location
- Croydon
- Industry
- 47710 Retail sale of clothing in specialised stores
From the administrators' statement
The Company previously had two directors, Phillip Hunt and Angela Knight It is understood that the directors had fallen out in December 2012 and their relationship deteriorated further over the coming months It is understood that part of the problem was that the Company was insolvent and Phillip Hunt who ts the largest creditor wished to convert his director's loan to preference shares which we understand Angela Knight objected to
Matters came to head early in 2013 when the point of sale equipment was removed by its supplier which effectively prevented the Company from continuing to trade and a new pont of sale supplier had to be found It Is believed that at this point that the Company allegedly ceased to trade and Angela Knight's new company, being Angela Knight Lingene Limited, commenced trading
We understand that a sale of the stock was held in order to generate some income so that Angela Knight Lingene Limited could continue trading The lingerie that was sold by the new company was utilised to settle some of the existing creditors so that Angela Knight Lingerie Limited could trade
Administrators' statement of proposals (2013-06-06) · Companies House register