Sahar Fine Art Limited (07904963): administration
- Status
- Administration ended
- Administration began
- 2012-08-03
- Administrators
- Kevin Lucas
- Administrators' firm
- Aua Insolvency Risk Services
- Incorporated
- 2012-01-10
- Location
- Altrincham
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
Sahar Fine Art Limited was incorporated on 10 January 2012 as a vehicle to sell items of fine art, via a website and at various art exhibitions
The Directors believed that there was an opportunity to market art via the internet, giving collectors much greater access to a variety of art and saw a gap In the market
The business was funded by a debenture provided by Michael Jones, who provided the funds required to purchase the items of fine art
Administrators' statement of proposals (2012-10-04) · Companies House register