# Chiaro Technology Limited (08502405)

> Why UK company 08502405 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08502405

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08502405/filing-history/MzQ2MjcxNzk0M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08502405

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