# Khaadi Fashions Ltd (08465111)

> Why UK company 08465111 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08465111

- **Status:** Administration ended
- **Administration began:** 2019-09-19
- **Administrators' firm:** RSM
- **Incorporated:** 2013-03-28
- **Location:** Leeds
- **Industry:** 47710 Retail sale of clothing in specialised stores

## Why it went into administration

- Funding withdrawn / unable to refinance
- Sustained trading losses

## From the administrators' statement

Relevant extracts from the Company's audited financial statements and management accounts are summarised below.

Khaadi Fashions Ltd Year ended Year ended Year ended

31/12/2018 31/12/2017 31/12/2016 Turnover 6,457,857 5,471,680 4,064,036 Cost of sales (2,433,268) (1,325,509) (1,770,691) Gross profit 4,024,589 4,146,171 2,293,345 Administrative expenses (5,949,399) (3,663,744) (3,632,455) Profit/(loss) before taxation (1,924,810) 482,427 (1,339,110) Tax on profit/(loss) - - > Profit/(loss) for the financial year (1,924,810) 482,427 (1,339,110) Accumulated losses b/f (4,108,855) (4,591 ,282) (3,252,172) Profit/(Loss) for the year (1,924,810) 482,427 (1,339,110) Accumulated losses c/f _ (6,033,665) (4,108,855) (4,591,282)

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08465111/filing-history/MzI0NjYxODE5M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08465111

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