# Olympia Furniture Limited (02477674)

> Why UK company 02477674 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02477674

- **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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02477674/filing-history/MzA3NjA4MzIxOWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02477674

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.