Ikan Paper Crafts Ltd (11712268): administration
- Status
- Administration ended
- Administration began
- 2022-02-16
- Administrators
- Martin Charles Armstrong, Andrew Richard Bailey
- Administrators' firm
- Kallis & Company
- Incorporated
- 2018-12-05
- Location
- Sutton
- Industry
- 17230 Manufacture of paper stationery
Why it went into administration
- Rising costs / inflation
- Property / lease costs
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me by the director of the Company and not from my personal knowledge as Joint Administrator.
The Company was incorporated on 5 December 2018 and its business was the manufacture and production of paper craft kits. It traded as “Kanban Crafts”.
The Company was initially setup to acquire the business and assets of Aspire Crafts Limited, which was a company that entered Administration on 16 November 2018. The business and assets were acquired on 11 December 2018 for £43,000, which included the “Kanban Crafts” trading name; an established brand understood to have traded since 1997. The Insolvency Practitioner that dealt with the sale to the Company was Andreas Arakapiotis of Kallis & Company.
Administrators' statement of proposals (2022-04-14) · Companies House register