# Direct Furniture Stores (York) Limited (02586603)

> Why UK company 02586603 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02586603

- **Status:** Administration ended
- **Administration began:** 2013-06-18
- **Administrators:** Julian Pitts, Nicholas Edward Reed
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 1991-02-28
- **Location:** Leeds
- **Industry:** 47599 Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store

## Why it went into administration

- Creditor pressure / legal action
- Cash flow / liquidity pressure

## From the administrators' statement

The Company traded as a furniture retailer selling products to the public under the trading name “The Furniture Centre” from premises in Morley, Leeds The company employed nine members of staff and had been trading since 1991 The Company traded from premises owned by Killock (Property Developments) Limited ("KPOL"), an associated entity of the Company Tumover for the year ended 31 January 2012 was circa £700,000 which resulted in a net loss of £40,000

The Company began to expenence financial difficultes as a consequence of a prolonged downturn in

trading As a result, the Company expenenced creditor pressure consisting of threats of the commencement of legal actions from creditors and the withdrawal of credit from suppliers

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02586603/filing-history/MzA4MzQwNDI2OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02586603

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