Bedsons Limited (01386030): administration
- Status
- Administration ended
- Administration began
- 2013-09-16
- Formerly
- Bedsons Speciality Productions Limited
- Incorporated
- 1978-08-30
- Location
- Southampton
- Industry
- 32990 Other manufacturing n.e.c.
From the administrators' statement
The Company was incorporated on 30 August 1978 and traded from a industrial leasehold unit in Coventry, Warwickshire, as a wholesaler of lighting products ranging from traditional incandescent lamps to a wide range of LED lamps to customers tn the UK and EU
The Company suffered a sharp fall in turnover from c£894,000 tn the year ended March 2012 to c£415,000 in the year ended March 2013 This loss of turnover and resulting profitability put the Company under financial pressure When trading in the first quarter of the current financial year did not show signs of improvement, the ultimate parent company and a significant creditor - Kaye Enterprises Limited - decided it was not willing to provide significant further financial support The Company was therefore insolvent as it could not continue to pay its creditors as they fell due
Mr Young, a director of both Kaye Enterprises Limited and the Company, approached James Cowper LLP Peter Whalley, a partner in James Cowper LLP, was known to Mr Young from having worked with him at another accountancy firm in the 1990s
Administrators' statement of proposals (2013-10-16) · Companies House register