# Klnik Limited (10556688)

> Why UK company 10556688 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10556688

- **Status:** Administration ended
- **Administration began:** 2019-11-19
- **Administrators:** Andrew Poxon, Mike Dillon
- **Administrators' firm:** Leonard Curtis
- **Formerly:** Number One Aesthetics Ltd
- **Incorporated:** 2017-01-10
- **Location:** Manchester
- **Industry:** 86210 General medical practice activities

## Why it went into administration

- Weather / natural events
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses

## From the administrators' statement

The Company was incorporated on 10 January 2017 and was due to commence trading on 2 December 2017, after renovation work to the trading premises had been completed. The registered office of the Company is Spring Court Spring Road, Hale, Altrincham, Cheshire, WA14 2UQ.

The Company was funded by way of loans from various connected parties. Funding was also sought by way of asset finance agreements from various parties. The Company had been previously funded by HSBC Bank PLC and Amicus Asset Finance Group Limited, who held security by way of debentures. These debentures had both been satisfied prior to the Administration. As detailed above, Mrs Niranjala Ravindran (“Mrs Ravindran”) holds security by way of debenture, incorporating Fixed and Floating charges over the Company's assets, created on 28 October 2019.

The turnover and profit/loss position of the Company accounts since 2018 is detailed below:

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10556688/filing-history/MzI1MzcwODI1OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10556688

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