# Needlesmart Limited (09757670)

> Why UK company 09757670 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09757670

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09757670/filing-history/MzM1NzMzOTE3N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09757670

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