Thomson: Hayes Retail Display Limited (02675335): administration
- Status
- Administration ended
- Administration began
- 2023-02-22
- Administrators
- Tyrone Courtman, Deviesh R Raikundalia
- Administrators' firm
- RSM
- Incorporated
- 1992-01-06
- Location
- Enderby
- Industry
- 31010 Manufacture of office and shop furniture
Why it went into administration
- COVID-19
- Weak consumer demand
- Property / lease costs
- Sustained trading losses
- Rising interest rates
- Brexit
- Competition / price pressure
- Weather / natural events
From the administrators' statement
Relevant extracts from the Company’s audited financial statements are summarised below.
Period ended 30/09/2021 30/09/2020 Turnover 1,058,624 1,754,322 Gross Profit 182,666 453,589 Operating loss (365,413) (91,067) Loss before taxation (367,989) (92,365) Net profit / (loss) (270,651) 11,542 Dividend paid - (8,000) Retained earnings at end 39,140 309,791 of year
Administrators' statement of proposals (2023-05-01) · Companies House register