Essex County Laundry,Limited (00140030): administration
- Status
- Administration ended
- Administration began
- 2021-05-05
- Administrators
- Jamie Taylor, Constantinos Pedhiou
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1915-04-21
- Location
- London
- Industry
- 96010 Washing and (dry-)cleaning of textile and fur products
Why it went into administration
- COVID-19
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Bad debts / customer insolvency
- Property / lease costs
- Competition / price pressure
From the administrators' statement
Our proposals for achieving the purpose of the administration provide detailed information in relation to the Company. The following background information is provided to assist creditors who may have limited knowledge of the Company and its affairs to better understand the reasons for the pre-packaged sale.
The Company was incorporated on 21 April 1915 and remained a family run business for over 100 years.
The Company has, throughout its history, traded as a commercial laundry, servicing 5-star hotels and spas in and around London. The Company in more recent years has traded from premises based in Essex which it rented from a connected company, namely Clenstar Limited. The Company at the time of its Administration employed 84 employees and its sales were derived from daily orders received from its hotel customers.
Administrators' statement of proposals (2021-05-18) · Companies House register