Salco Group Limited (00439970): administration
- Status
- Administration ended
- Administration began
- 2014-02-17
- Administrators
- Simon Harris, Cameron Gunn, Mark Supperstone
- Administrators' firm
- ReSolve
- Incorporated
- 1947-07-31
- Location
- London
- Industry
- 46499 Wholesale of household goods (other than musical instruments) n.e.c
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The business had been trading for circa 140 years as an importer of goods from the Far East The Company was incorporated on 31 July 1947 under the name A Saalheimer Limited The Company's name was changed to Salco Group Ple on 2 July 1992 and again on 30 January 2012 to Salco Group Limited The Company operated from its registered office at Salco House, 5 Central Road, Harlow, Essex CM20 2ST (the Property)
The Company sourced and supplied a vast range of products including candles, soft furnishings, gifts, garden products and homewares from the Far East The Company had its own design team responsible for developing and designing products and packaging to be sold to UK retailers — In addition to the importation and wholesale operations the Company also operated from a small leased retail store in Braintree, Essex (The Chapel) The Company employed 43 full time staff, as well as nine part time staff at the Chapel
The Company's turnover has ranged between £15 million and £20 million tn recent years and sales were predominately generated through self-employed agents operating throughout the UK The Company's customer profile ranged from a number of major national accounts to smaller independent retailers Business was seasonal with stronger sales in the second half of the year, building up to the Christmas period
Administrators' statement of proposals (2014-04-15) · Companies House register