Talbots (Birmingham) Limited (00366112): administration
- Status
- Administration ended
- Administration began
- 2015-04-08
- Administrators' firm
- Deloitte
- Incorporated
- 1941-03-26
- Location
- Droitwich
- Industry
- 32120 Manufacture of jewellery and related articles
Why it went into administration
- Supply chain disruption
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
From the administrators' statement
Julie Fowler-Drake became managing director of the Company tn July 2010 after her father passed away Andrew Fowler and Rosalind Fowler also became directors and shareholders although had no day to day involvement with the running of the business
initially the company had an overdraft facility, 52 staff and £4 million worth of stock located in 5 warehouses The current directors’ late father had injected the sum of £540,000 into the company by way of a director's toan Barclays Bank PLC held security by way of a debenture which created fixed and floating charges over the company’s assets These charges have however subsequently been released due to the company re-financing with PCF
The Company was the largest jewellery box supplier in the UK and exported to Germany, SA and Australia, over 7 million units were manufactured tn the Far East
Administrators' statement of proposals (2015-05-05) · Companies House register