Pittards PLC. (00102384): administration
- Status
- Administration ended
- Administration began
- 2023-09-04
- Administrators
- Lucy Winterborne, Samuel James Woodward
- Administrators' firm
- EY
- Formerly
- Pittard Garnar PLC; Pittard Group P L C
- Incorporated
- 1909-04-05
- Location
- Bristol
- Industry
- 15110 Tanning and dressing of leather; dressing and dyeing of fur
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
- COVID-19
- Creditor pressure / legal action
- Property / lease costs
- Parent or group failure
From the administrators' statement
Established in 1826, the Company produced a range of leathers used by manufacturers across several industries including sports, outdoor active wear, automotive, military and fashion accessories. It also produced a small quantity of its own branded consumer goods. Most of the Company’s leathers were exported to foreign markets, in particular Asia where a number of third parties manufactured leather products on behalf of brand owners.
The Company operated from a single freehold site in Yeovil, Somerset which housed the Company's offices, manufacturing facility and workshop. Raw materials were purchased from its subsidiary in Ethiopia as well as other suppliers across the UK and overseas. The Company also outsourced production of certain of its own leather consumer goods to two other Ethiopian subsidiaries.
The Company employed c.150 staff at its Yeovil manufacturing facility. Whilst not employed directly by the Company, c.900 people were also employed in Ethiopia in its subsidiaries.
Administrators' statement of proposals (2023-11-07) · Companies House register