The Spectacle HUT (Hastings) Limited (07489694): administration
- Status
- Administration ended
- Administration began
- 2015-03-03
- Administrators
- Carl Stuart Jackson, Andrew Watling
- Administrators' firm
- Quantuma
- Incorporated
- 2011-01-12
- Location
- Southampton
- Industry
- 86900 Other human health activities
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
The Company was founded in January 2011 by Mr Mustafa Abdelhadi and Mr Hassan Abdelhadi Mr Ininder Sanghera, a qualified dispensing optician, joined the board of directors in November 2013 and Matthew Rebeiro Joined in February 2014 Both Mr Mustafa Abdethadi and Mr Hassan Adbelhadi resigned as directors in May 2014 The Company’s share capital of 99 £1 shares Is currently held by Mr Hassan Abdelhadi, Mr Mustafa Abdelhadi and Mr Irjinder Sanghera, each holding an equal 33% share
The Company traded as an Opticians from leasehold premises in Hastings, East Sussex The lease ts due to expire in 2022.
The trading premises required a total refurbishment and the Company did not commence trading until June 2011 The Company was established to trade as a sister company to The Spectacle Hut Limited which also commenced trading in 2011 Mr Ininder Sanghera and Mr Matthew Rebeiro are also directors of The Spectacle Hut Limited
Administrators' statement of proposals (2015-03-24) · Companies House register