No Ordinary Designer Label Limited (02509755): administration
- Status
- In administration
- Administration began
- 2024-03-22
- Administrators
- Benjamin Dymant, Daniel James Mark Smith
- Administrators' firm
- Teneo
- Formerly
- TED Baker Limited; Easymobile Limited
- Incorporated
- 1990-06-08
- Location
- Birmingham
- Industry
- 46420 Wholesale of clothing and footwear
Why it went into administration
- Bad debts / customer insolvency
From the administrators' statement
In the period following the acquisition by AARC in June 2023, the Company's trading suffered a significant deterioration and the equity funding expected following the sale did not materialise.
During this poor performance, the Company built up a large amount of arrears with its supplier base totalling c.£50m.
Steps taken to remedy/turnaround
Administrators' statement of proposals (2024-05-24) · Companies House register