Formal Affair Limited (02324725): administration
- Status
- Administration ended
- Administration began
- 2014-09-11
- Administrators
- Dean Anthony Nelson
- Administrators' firm
- Smith Cooper
- Incorporated
- 1988-12-02
- Location
- Derby
- Industry
- 47710 Retail sale of clothing in specialised stores
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Property / lease costs
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
Please note that the Company history has been prepared by Mr Richard Cook, a director of the Company, and the Administrator accepts no personal hability in respect of its contents
The Company was incorporated and commenced trading in March 1988 from a sole outlet in Central Birmingham, opening a second store in Walsall, in June 1988 The Company’s directors and shareholders were husband and wife, Richard and Julia Cook
Initially, the Company focused on formalwear, with the option to either hire or purchase clothing for special events/occasions In the early years, trade was split evenly between wedding wear and evening wear In the mid-1990’s, the Company expanded its product range and began retailing bridal wear, trading under the style, ‘Francesca Bridal Wear’
Administrators' statement of proposals (2014-11-10) · Companies House register