Swift Electrical Wholesalers (S-O-T) Limited (02401639): administration
- Status
- Administration ended
- Administration began
- 2024-06-17
- Administrators
- Timothy Bateson, Howard Smith
- Administrators' firm
- Interpath Advisory
- Formerly
- Swift Electrical Distributors Limited; K&S (105) Limited; Swift Electrical Wholesalers (S-O-T) Limited; K & S (105) Limited
- Incorporated
- 1989-07-06
- Location
- Birmingham
- Industry
- 46439 Wholesale of radio, television goods & electrical household appliances (other than records, tapes, CD's & video tapes and the equipment used for playing them)
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company was incorporated in 1989 and is based in Stoke-on-Trent where it operates from a leasehold property and engages in the wholesale and distribution of kitchen appliances, sinks and taps.
The Company employed 34 members of staff at the date of appointment.
3.2‘ Funding and financial position of the Company
Administrators' statement of proposals (2024-07-03) · Companies House register