Progressive Safety Footwear and Clothing Limited (00688039): administration
- Status
- Administration ended
- Administration began
- 2025-04-16
- Administrators' firm
- Begbies Traynor
- Formerly
- Progressive Safety Footwear and Clothing Limited
- Incorporated
- 1961-03-27
- Location
- Northampton
- Industry
- 46420 Wholesale of clothing and footwear
From the administrators' statement
We were initially engaged by the Directors to provide advice on the financial position of the Company and make recommendations on the most credible insolvency options.
On 1 April 2025, BPI were engaged to commence a marketing campaign for the business and assets of the Company, with the deadline for offers stated for midday on 9 April 2025. An offer for the Company’s stock and intangible assets (including goodwill) in the sum of £487,077.47 was received from Safeguard Supplies UK Ltd (“SSUK’ or the “Buyer”), who were considered the preferred bidder from those who had expressed an interest.
Following the deadline for offers, a Notice of Intention to Appoint Administrators (“NOI’) was filed on 9 April 2025 to protect the Company from creditor action while the terms of the sale were finalised with SSUK.
Administrators' statement of proposals (2025-05-06) · Companies House register