# Red Shed 433 Limited (12642503)

> Why UK company 12642503 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/12642503

- **Status:** Administration ended
- **Administration began:** 2023-09-12
- **Administrators:** Steven Phillip Ross, Allan David Kelly
- **Administrators' firm:** FRP Advisory
- **Incorporated:** 2020-06-03
- **Location:** Newcastle upon Tyne
- **Industry:** 56102 Unlicenced restaurants and cafes

## Why it went into administration

- Rising costs / inflation
- Energy costs

## From the administrators' statement

Despite establishing itself in the marketplace during 2020 and 2021, the cost of food inflation and energy costs, significantly reduced profit margins resulting in the business being no longer viable.

Red Shed 433 Limited t/a Chiktopia (In Administration) The Administrators’ Proposals

FRP

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/12642503/filing-history/MzM5ODQ3MzYxOWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/12642503

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