Corporate Trends Limited (02637188): administration
- Status
- Administration ended
- Administration began
- 2016-07-14
- Administrators
- Gareth David Rusling, Joanne Louise Hammond
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1991-08-13
- Location
- Sheffield
- Industry
- 46420 Wholesale of clothing and footwear
From the administrators' statement
The Company was established in 1989 and traded as a supplier of corporate and leisure wear to both the lessure and fitness and health and beauty markets To distinguish between the two markets, the health and beauly division became branded as “La Beeby”
In 2010, the business commenced a strategic growth plan however this resulted in a loss of around £250,000 Subsequently, due to the seasonality of the Company's products, especially in relation to orders placed by schools and colleges for fhe commencement of the academic year, the business began to experience sales and cashflow difficulues
In 2015, the Company undertook a period of restructuring and obtained funding from a number of private investors In addition, the directors’ pension scheme injected funds in return for a transfer of the Company's intellectual property nghts (“IPR”) relating to La Beeby
Administrators' statement of proposals (2016-07-28) · Companies House register