Caphan Trading Limited (08140304): administration
- Status
- Administration ended
- Administration began
- 2023-08-08
- Administrators' firm
- KRE Corporate Recovery
- Incorporated
- 2012-07-12
- Location
- Reading
- Industry
- 47190 Other retail sale in non-specialised stores
From the administrators' statement
3.1 The Company was in default as regards repayment of its loan with FSE and KRE Corporate Recovery Limited (‘KRE’) were instructed to advise FSE as repayment proposals put forward by the Company’s advisors Bell and Company.
3.2 The proposals were received in July 2023, however on further enquiry it was discovered that the majority of the assets and business had been sold to a connected company, TCFC Retail Limited (‘TCFC’) on 30 May 2023.
3.3 Bell and Company wrote to all the Company’s creditors in July 2023, including FSE, advising that trading had ceased and that there were no funds available to liquidate
Administrators' statement of proposals (2023-10-09) · Companies House register