# Savvy Deals Ltd (07569519)

> Why UK company 07569519 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07569519

- **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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07569519/filing-history/MzI1NDUwNjA4MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07569519

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