# Smith Harrison(Shade Cards)Limited (00682290)

> Why UK company 00682290 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/00682290

- **Status:** Administration ended
- **Administration began:** 2016-01-08
- **Incorporated:** 1961-02-01
- **Location:** Leeds
- **Industry:** 13100 Preparation and spinning of textile fibres

## Why it went into administration

- HMRC / tax arrears
- Competition / price pressure
- Cash flow / liquidity pressure
- Regulatory change or action

## From the administrators' statement

The company was incorporated in 1961 by Mr Smith Harnson and was intially set up to sell thread cards Mr Smith Harrison passed away in 1994 Following his death, June Gardner, who had worked for the company for eight years, purchased the business from his wife

Subsequent to the acquisition the thread business started to decrease At this time the company was funded by Lloyds Invoice Finance and traded from freehold premises in Little Germany, Bradford

In 2002 the premises were sold and the company relocated to new leasehold premises The removal costs were high and there were initial issues with the new premises and a large contract the company were working on all of which had a negative impact on cash flow The Directors June and Roger Gardner had to inject personal funds to assist with cash flow issues

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/00682290/filing-history/MzE0NTA3MTU0NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/00682290

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