Acclaim Upholstery Company Limited (01733199): administration
- Status
- Administration ended
- Administration began
- 2023-07-04
- Administrators
- Martin Richard Buttriss, Carolynn Jean Best
- Administrators' firm
- Begbies Traynor
- Formerly
- Venusclass Limited
- Incorporated
- 1983-06-21
- Location
- Meridian Business Park
- Industry
- 31090 Manufacture of other furniture
Why it went into administration
- HMRC / tax arrears
- Rising costs / inflation
- Cash flow / liquidity pressure
- Weak consumer demand
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
From the administrators' statement
The following background information is provided to assist creditors who may have limited knowledge of Acclaim Upholstery Company Limited (“Acclaim” or “the Company”) and its affairs to better understand the reasons administration.
The Company manufactured furniture, which was supplied to High Street furniture retailers including Loaf, Heals and Barker & Stonehouse. The Company began trading in July 1983 and was originally incorporated on the 21 June 1983 under the name Venusclass Limited which changed to Acclaim Upholstery Company Limited on the 26 July 1983 and remained the same until the Company ceased to trade on the 4 July 2023.
The Company operated from sites located at the following addresses:
Administrators' statement of proposals (2023-08-22) · Companies House register