# Readicut Ltd (00271932)

> Why UK company 00271932 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/00271932

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/00271932/filing-history/MzA0MTE3MjQ2N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/00271932

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.