# Regalcity Limited (07766702)

> Why UK company 07766702 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07766702

- **Status:** Administration ended
- **Administration began:** 2015-01-26
- **Administrators:** Joanne Wright, Kelly Burton
- **Administrators' firm:** Wilson Field
- **Incorporated:** 2011-09-08
- **Location:** Sheffield
- **Industry:** 56210 Event catering activities

## Why it went into administration

- Property / lease costs
- HMRC / tax arrears
- Sustained trading losses
- Funding withdrawn / unable to refinance
- Competition / price pressure

## From the administrators' statement

The information provided in this section 1s based upon the Company records, the accuracy of which the Joint Administrators are unable to vouch for The Joint Administrators cannot therefore be held personally liable for errors or misstatement of fact contained therein

The Company banked with Barclays Bank Plc ("the Bank”) It operated without an approved overdraft facility and the Bank held no security over any indebtedness The balance on the current account was approximately £200 upon the date of the Joint Administrators’ appointment

The Company was incorporated on 8 September 2011, with Barney James Taylor and Leo Alexander Taylor being appointed as directors of the Company upon incorporation The Company's issued share capital of 2 ordinary shares of £1 each was initially divided equally between directors, although Barney Taylor subsequently acquired Leo Taylor's shareholding in the Company and now holds 100% of the

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07766702/filing-history/MzExOTIwODk2M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07766702

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