Bennetts (Irongate) Limited (02264590): administration and why it failed

Bennetts (Irongate) Limited (02264590): administration

Status: Administration ended
Administration began: 2019-02-08
Formerly: Lordline Limited
Incorporated: 1988-06-03
Location: Nottingham
Industry: 47190 Other retail sale in non-specialised stores

Why it went into administration

HMRC / tax arrears
Sustained trading losses
Weak consumer demand
Shift to online / high-street decline
Cash flow / liquidity pressure
Property / lease costs
Competition / price pressure

From the administrators' statement

Relevant extracts from the Company's unaudited financial statements are summarised below.

Unaudited Accounts to

Unaudited Accounts

Administrators' statement of proposals (2019-05-01) · Companies House register

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Balance sheet: assets, liabilities, working capital and net assets
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Bennetts (Irongate) Limited (02264590): administration

Why it went into administration

From the administrators' statement

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Bennetts (Irongate) Limited (02264590)