Wrapchic Limited (07619327): administration
- Status
- Administration ended
- Administration began
- 2019-07-26
- Administrators' firm
- Insolvency Practitioners of Parker Andrews
- Incorporated
- 2011-05-03
- Location
- Norwich
- Industry
- 56101 Licenced restaurants
Why it went into administration
- Property / lease costs
From the administrators' statement
2.10 Rishi Karia was initially contacted on 29 May 2019 by the Company’s director Mahesh Raikar.
2.41 As detailed in Section 2 of this Statement of Administrator's proposal, the Company was facing a number of issues that ultimately lead to the decision by the director to seek insolvency advice in relation to the position of the Company.
2.12 The decision was reached that the appointment of an Administrator was necessary due to the following reasons:
Administrators' statement of proposals (2019-09-20) · Companies House register