Jabez Cliff & Company Limited (00159339): administration
- Status
- Administration ended
- Administration began
- 2014-06-16
- Administrators
- Gilbert J Lemon, Andrew Stephen Mcgill
- Administrators' firm
- Evelyn Partners
- Incorporated
- 1919-10-06
- Location
- Birmingham
- Industry
- 15120 Manufacture of luggage, handbags and the like, saddlery and harness
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
From the administrators' statement
The Company was a specialist supplier of saddlery equipment and leather leisure goods It had a Royal Warrant which it had held for considerable time as well as being a contractor to the MOD and Police Forces throughout the UK A third of the business was exported to countries including USA, China, Japan, Australia as well as continental Europe
The company's saddlery equipment is used by a number of successful equestrians The company owns the rights to some market leading innovative products and 1s well known for its product quality
The Company was original founded in 1793, later merging with Barnsby at the beginning of the last century It was incorporated on 6 October 1919 and remained in ownership of various family members until the end of 2010 In 2008 the company moved premises from Central Walsall in the West Midlands to a nearby site in Aldridge, at a site known as Badgers Yard During the period between 2008 and the end of 2010 it was unable to sell the site in Walsall which, together with some trading difficulties left it in a difficult financial position with the bank in terms of generating sufficient cash to repay its debts to the bank on existing terms At this time the total bank debt stood at around £1 4 million
Administrators' statement of proposals (2014-08-14) · Companies House register