Needlesmart Limited (09757670): administration
- Status
- Administration ended
- Administration began
- 2022-10-26
- Administrators
- Philip Booth
- Administrators' firm
- Insolvency Code of Ethics. Needlesmart
- Formerly
- Sodium Surprise Limited
- Incorporated
- 2015-09-02
- Location
- Intake Lane
- Industry
- 32500 Manufacture of medical and dental instruments and supplies
Why it went into administration
- Bad debts / customer insolvency
- Creditor pressure / legal action
- Competition / price pressure
- Funding withdrawn / unable to refinance
- Property / lease costs
From the administrators' statement
Needlesmart Limited (the Company’) was incorporated on 2 September 2015. Initially the Company was incorporated as Sodium Surprise Limited to 13 October 2015 before it underwent a name change to become Needfesmart Limited.
The Company's registered office was at Suite 2b, Stanley Grange, Ormskirk Road, Knowsley, Prescot, England, 134 4AT (the ‘Premises’). The: Company occupied the Premises under the terms of a lease, dated 18 June 2021 from the Landlord, Baron Stanley of Bickerstaff. The lease was for an original term of 9 months at a rent of £23,700 per annum following which the lease became a rolling contract. There are arrears of £16,560 and the Company exercised its right to terminate the lease under the break clause.
3.3
Administrators' statement of proposals (2022-11-08) · Companies House register