# Breasley Pillows Limited(The) (01294330)

> Why UK company 01294330 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01294330

- **Status:** Administration ended
- **Administration began:** 2020-05-01
- **Administrators' firm:** Kroll
- **Incorporated:** 1977-01-14
- **Location:** London
- **Industry:** 13921 Manufacture of soft furnishings

## Why it went into administration

- Funding withdrawn / unable to refinance
- Sustained trading losses
- Competition / price pressure

## From the administrators' statement

• The Company’s financial performance has deteriorated since late-2018, following a reduction in turnover in both divisions. As a result, losses were incurred in the Mattress and Bed Division and while the Foam Conversion Division was marginally profitable, it was unable to support the losses of the larger Mattress and Bed Division.

« The Company's lending facilities were refinanced in December 2019 but the Company continued to perform below budgeted level causing a restriction on its working capital facilities. This led to the Company seeking investment in the Company and/or divestment of the Mattress and Bed Division and subsequently undertaking an accelerated sale process of the Company’s business and assets.

Appointment

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01294330/filing-history/MzI2NTgyMjM5OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01294330

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