PCS Brands Ltd (00995820): administration
- Status
- Administration ended
- Administration began
- 2014-10-30
- Administrators
- Paul Andrew Flint, William James Wright
- Administrators' firm
- KPMG
- Formerly
- Oneida International Limited; Viners of Sheffield Limited; Cleveleys Promotions (Holdings) Limited
- Incorporated
- 1970-12-01
- Location
- Manchester
- Industry
- 46440 Wholesale of china and glassware and cleaning materials
Why it went into administration
- Funding withdrawn / unable to refinance
- Competition / price pressure
From the administrators' statement
PCS Brands Limited, formerly known as Oneida International Limited (“the Company”), was incorporated on 1 December 1970 The business originally distributed cutlery, kitchen and homeware to retail and wholesale markets More recently, and after the acquisition of the business and assets of MHW Realisations Ltd, the Company also manufactured certain bakeware products that would also be distributed to both the retail and wholesale markets
In its current guise, the Company was acquired in mid-August 2014 by HUK54 Limited ("HUK54"), a subsidiary of Hilco London Limited HUK54 acquired 100% of the Company's share capital
As at the date of appointment the Company had approximately 285 employees The head office was located in Acton, London and trading was carried out through 31 retail outlets, primartly situated across the UK In addition to tts retail activities, the Company operated a consumer wholesale division, selling into a number of large high street and speciality customers At Its peak, turnover was In the region of £25 milion (2004)
Administrators' statement of proposals (2015-01-06) · Companies House register