Savvy Deals Ltd (07569519): administration
- Status
- Administration ended
- Administration began
- 2019-11-18
- Administrators
- Philip Lewis Armstrong, Philip James Watkins
- Administrators' firm
- FRP Advisory
- Incorporated
- 2011-03-18
- Location
- London
- Industry
- 62090 Other information technology service activities
From the administrators' statement
The Company was incorporated on 18 March 2011 and, we are advised by the Director, that it operated a Business to Business e-trading platform. It employed five people including the sole Director Reinhardt Watson Van Der Westhuizen, also known as Ray Watson.
In November 2018 the Company arranged an overdraft with Barclays which was secured by a debenture dated 15 November 2018 and registered at Companies House on 19 November 2018.
Following the breakdown in its banking relationship with the Company, the Bank requested repayment of the overdraft for a prolonged period of time, following which the Bank issued a demand on 8 October 2019.
Administrators' statement of proposals (2020-01-14) · Companies House register