Readicut Ltd (00271932): administration
- Status
- Administration ended
- Administration began
- 2011-05-24
- Administrators' firm
- Mazars
- Formerly
- The Craft Collection Limited; The Craft Collection Limited; Readicut Wool Company Limited(The)
- Incorporated
- 1933-01-07
- Location
- Leeds
- Industry
- 5261
Why it went into administration
- Sustained trading losses
- Weather / natural events
From the administrators' statement
The Company was formed in 1928 It imtrally supplied rug kits locally, then nationally and subsequently internationally The unique selling point of the kits was that unlike previous rug kits where the purchaser had to cut the tufts to length themselves the new kits supplied the wool already cut hence the name readicut
Unit the early 70’s the Company was very profitable but around that time wall to wall carpeting became readily available and central heating started to become the norm
4/14
Administrators' statement of proposals (2011-07-27) · Companies House register