Rowland's Clothing Ltd (01698615): administration
- Status
- Administration ended
- Administration began
- 2012-02-09
- Administrators
- Robert Andrew Croxen, Jonathan Scott Pope
- Administrators' firm
- KPMG
- Formerly
- Rowland Field Sports Limited; Windfashion Limited
- Incorporated
- 1983-02-11
- Location
- London
- Industry
- 5242
Why it went into administration
- Funding withdrawn / unable to refinance
- Sustained trading losses
From the administrators' statement
The Company operated as a ladies clothing retailer through a mail order business and seven retail outlets across the south of England
The Company had been experiencing financial difficulties as a result of declining sales due to the economic climate [t made a loss of circa £400,000 for the year ended 31 July 2011 and the Company’s management accounts for the four months to 30 November 2011 indtcated an additional loss of circa £100,000
Due to ongoing financial difficulties caused by these losses, the Company engaged ReSolve on 20 January 2012 to advise the Directors and undertake marketing of the business ReSolve conducted an extensive market screening process in order to select potential buyers, from both trade and private equity investors and approached potential funders to the business
Administrators' statement of proposals (2012-04-05) · Companies House register