Mcgregor International Limited (00256202): administration
- Status
- Administration ended
- Administration began
- 2012-01-30
- Administrators
- John Malcolm Titley, Andrew Poxon
- Administrators' firm
- Leonard Curtis
- Formerly
- Mcgregor (M/C) Limited; Mcgregor (Manchester) Limited; Sterling Mcgregor Limited
- Incorporated
- 1931-05-04
- Location
- Bury
- Industry
- 1822
Why it went into administration
- Competition / price pressure
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 4 May 1931 and commenced to trade immediately The Company initially was a manufacturer of rainwear and then moved into nightwear before importing nightwear products and selling to wholesale and retail markets
The Company traded successfully for many years with a real family ethos which was seen as a key asset and strength to its success The Company maintained a level of business with middle to top retailers and refused to deal with discounters which ensured a level of stability, quality and loyalty over many years As a result of this the Company gained a reputation for quality, service and loyalty from all customers
As retailers grew they became the real competition as they built up their own direct buying offices all over the world Certain discount retailers affected pnces and caused the UK market to constantly dnve down prices and margins The UK industry did not receive any help from the government unlike other sectors and was forced to try and maintain a level of quality and service whilst also reducing overheads and margins to compensate
Administrators' statement of proposals (2012-03-29) · Companies House register