Clever-Company Limited (01153857): administration
- Status
- Administration ended
- Administration began
- 2022-10-26
- Administrators
- Howard Smith, Richard John Harrison
- Administrators' firm
- Interpath Advisory
- Formerly
- Finecard International Limited; Finecard Limited
- Incorporated
- 1973-12-28
- Location
- Manchester
- Industry
- 46499 Wholesale of household goods (other than musical instruments) n.e.c
Why it went into administration
- Sustained trading losses
- COVID-19
- Weak consumer demand
- Rising costs / inflation
- Energy costs
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
From the administrators' statement
Clever-Company Limited (the ‘Company’) was a retailer of inflatable hot tubs, chemicals, and accessories that it sold direct to consumers via online retail channels, it also supplied high street stores and retail warehouses. The Company was incorporated on 28 December 1973.
The Company's head office was located at Topaz House, St Michael’s Industrial Estate, Widnes, the Company owned the freehold (‘Topaz House’). However, the Company had transferred operations to a leasehold office unit known as “Axis House” located at Manor Park, Tudor Road, Runcorn (‘Axis House’), with a leasehold warehouse unit opposite, known as “Manor Park” at 18 Tudor Road, Runcorn (‘Manor Park’).
As at the date of our appointment, the Company employed 34 members of staff. It had four statutory directors: Laura Hayes, Shane Moloney, Victoria McGuigan and Peter McGuigan (the ‘Directors’).
Administrators' statement of proposals (2022-12-15) · Companies House register