Olympia Furniture Limited (02477674): administration
- Status
- Administration ended
- Administration began
- 2013-02-04
- Administrators
- Ben Woolrych, David Thornhill
- Administrators' firm
- FRP Advisory
- Formerly
- Donpride Limited
- Incorporated
- 1990-03-06
- Location
- Manchester
- Industry
- 31090 Manufacture of other furniture
Why it went into administration
- Supply chain disruption
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
The Company was established in 1981 as a wholly owned subsidiary of a German company called Welle Holding AG and Co (‘Welle’)
The Company was set up to provide Welle with a UK presence from which they could expand their furniture manufacturing operations and improve their sales growth through the design, production, and retail of upholstered goods. The product range comprised sofas, suites, accent chairs and chairbeds.
The Company operated from a freehold custom built facility in Ashton Under Lyne, Lancashire.
Administrators' statement of proposals (2013-04-11) · Companies House register