R. and M. Swaine Limited (02262813): administration
- Status
- Administration ended
- Administration began
- 2012-03-29
- Administrators' firm
- EY
- Incorporated
- 1988-05-27
- Location
- Leeds
- Industry
- 5225
Why it went into administration
- HMRC / tax arrears
- Competition / price pressure
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The Company operated a retail and wholesale off-licence business tn the North of England and comprised two divisions
• Retail - operating 70 owned and leased off-licences (trading as “Rhythm and Booze” and “Big in Booze”) based in the North of England The Company's strategy focused on setling beers, wines and spirits at competitive prices with a promotional and multi-buy differentiator and a wider than normal range
• Wholesale - supplying beers, wines and spirits to c 15 customers which included domestic supermarkets, exporters and other wholesalers
Administrators' statement of proposals (2012-05-21) · Companies House register