# No Ordinary Designer Label Limited (02509755)

> Why UK company 02509755 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02509755

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02509755/filing-history/MzQyMjE0MjExMWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02509755

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