# Gemstone Retail Limited (07485772)

> Why UK company 07485772 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07485772

- **Status:** Administration ended
- **Administration began:** 2011-12-08
- **Administrators' firm:** Moorfields
- **Incorporated:** 2011-01-07
- **Location:** London

## Why it went into administration

- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses

## From the administrators' statement

The Company was incorporated on 7 January 2011 and trades from its head office in Woodside Park, Chelford Road, Congleton, CW12 2LY The business and assets of Half Price Jewellers Limited and Family Jewels Limited were purchased by the Company in February 2011

The Company’s primary business is the retail of discounted Jewellery to UK customers trading under the “Half Price Jewellers”, “HPJ Jewellers” and “Jewel Nation” brands

Retail trading condittons have remained extremley difficult throughout 2011 and despite store closures, signficant operational improvements and cost cutting exercises, turnover was below forecast, resulting in the Company trading at a signficant loss

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07485772/filing-history/MzA1MDQyMzc1OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07485772

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