Chiaro Technology Limited (08502405): administration
- Status
- In administration
- Administration began
- 2025-03-28
- Administrators
- Lindsay Kate Hallam, Matthew Boyd Callaghan, Oliver Wright
- Administrators' firm
- FTI Consulting
- Incorporated
- 2013-04-24
- Location
- London
- Industry
- 47789 Other retail sale of new goods in specialised stores (not commercial art galleries and opticians)
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
CONSULTING
The Group explored several options to facilitate business survival including a cost reduction exercise, an equity raise and solvent sale of the business. However, none of those options resulted in a solution for the Company and subsequently the Board decided to pursue an AMA process in January 2025.
Events Leading to the Administration Company performance
Administrators' statement of proposals (2025-04-25) · Companies House register