A $115,000 loss was forecast in the initial report.
The company has $127,000 in liabilities offset by only $11,000 in assets, which include cash of $777, fixed assets of $5000 and motor vehicles, the value of which is yet to be quantified.
Unsecured creditors are listed as being owed $100,000 and Inland Revenue $27,000.
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Shareholders in the business are Toni Davies, Moet Investments, Aartisha Kumar, Steve Langton, Adonis Corre, Mihir Kakars, Ijemoa Ezumba, Beatrix Reisinger, Manish Goel, Aamir Gidwani, Micheal Mesane, Richard Crofts, Kayley Hastie-Hunt and Maxim Kaluzhny, the Waterstone report said.
The sole director is…
