# New Wave (International) Limited (12550515)

> Why UK company 12550515 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/12550515

- **Status:** In administration
- **Administration began:** 2026-08-12
- **Administrators:** Situl Devji Raithatha
- **Administrators' firm:** Springfields Advisory
- **Incorporated:** 2020-04-07
- **Location:** Leicester
- **Industry:** 46900 Non-specialised wholesale trade

## From the administrators' statement

Creditors should note that, unless otherwise stated, this section of the proposals has been prepared based on information provided by the Board of Directors ("the Board") of the Company and not from my personal knowledge as Administrator.

The Company was incorporated on 7 April 2020 operated as a fabric supplier primarily to large fashion brands in the UK. The Company operated from first floor office space in a multi-occupational building in the centre of Leicester and used a fabric fulfilment company to store stock and distribute customer orders. The Company also used a third-party storage facility to store large quantities of stock. The Company had three employees, which included the two directors, who had vast experience of the fashion industry.

The Company performed well following its incorporation and saw its turnover increase substantially to a high of circa £2.24m in the accounting period ended 31 March 2024. The Company subsequently agreed terms regarding the rental of office space as part of plans for the continued growth and development of the business.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/12550515/filing-history/MzU0OTQxNTUyNWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/12550515

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