# Abbeycrest PLC (01411796)

> Why UK company 01411796 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01411796

- **Status:** Administration ended
- **Administration began:** 2012-02-06
- **Administrators:** John Malcolm Titley, Andrew Poxon
- **Administrators' firm:** Leonard Curtis
- **Formerly:** Abbeycrest Manufacturing Jewellers Limited; Abbey Crest (Wholesale Jewellers) Limited
- **Incorporated:** 1979-01-26
- **Location:** Bury
- **Industry:** 7415

## Why it went into administration

- Sustained trading losses
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Rising costs / inflation
- Supply chain disruption
- Competition / price pressure

## From the administrators' statement

The Company was incorporated in January 1979 and !s the parent Company of the Abbycrest Group ("the Group") The Group had two subsidianes that it placed significant emphasis upon, Brown and Newirth Limited (“B&N") and the manufactunng operation in Thailand, Abbeycrest (Thailand) Limited ("ATL")

The Group trades as manufacturers and worldwide distributors of jewellery Across the Group tt 1s able to operate in the areas of design, sourcing, manufactunng, sales and supply chain fulfilment The Group specialises in gold, gem set and silver jewellery The Group manufactures its own brands of jewellery and operates a niche wedding nng and engagement nng design, manufacture and sales service through the Company which is a wholly owned subsidiary

ATL is based in Thailand and employs c600 staff ATL specialises in producing high volume, low margin product

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01411796/filing-history/MzA1NTM1MjY0M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01411796

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