# Thomson: Hayes Retail Display Limited (02675335)

> Why UK company 02675335 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02675335

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02675335/filing-history/MzM3NjU1NDc0OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02675335

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