Gobina (London) Limited (01405927): administration
- Status
- Administration ended
- Administration began
- 2013-09-13
- Administrators
- Gary Paul Shankland, Kirstie Jane Provan
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1978-12-18
- Location
- London
- Industry
- 46420 Wholesale of clothing and footwear
Why it went into administration
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
The Company operated as a supplier to companies in the clothing industry, such as Peacocks, by importing clothes from abroad and then distributing accordingly
HIF contacted the Administrators’ firm tn early September 2013 as concerns were raised around a shortfall of c£0 5m tn the Company's confidential invoice discounting ("CID") facility The Company by this time had ceased trading and all but one director had resigned Furthermore a winding up petition had been issued by Federal Express Europe inc , with a heanng date scheduled for 19 September 2013 (‘the Heanng Date”)
Given the impending Hearing Date and the risk posed to HIF’s secunty, HIF duly appointed the administrators pursuant to paragraph 14 of Schedule B1 of the Act, following the necessary approvals from prior ranking secured creditors The validity of Administrators’ appointment was confirmed at a Court hearing on 26 September 2013
Administrators' statement of proposals (2013-11-18) · Companies House register