Paragon Commerce Ltd (02711136): administration
- Status
- Administration ended
- Administration began
- 2016-02-23
- Administrators
- Stephen Gerard Clancy, Phillip Francis Duffy
- Administrators' firm
- Kroll
- Formerly
- Andrew Royle Computing Limited
- Incorporated
- 1992-04-30
- Location
- Manchester
- Industry
- 47640 Retail sale of sports goods, fishing gear, camping goods, boats and bicycles
Why it went into administration
- Competition / price pressure
- HMRC / tax arrears
- Rising costs / inflation
- Property / lease costs
- Sustained trading losses
- Rising interest rates
From the administrators' statement
Statutory information on the Company and a summary of its financial history 1s included at Appendix 1
The Company was incorporated on 30 April 1992 but has operated for over 35 years in the sports retail industry specialising in the sale of premium brand bicycles and cycling equipment
The Company traded as a retail store iocated at leasehold premises at Total Fitness, Wilmslow Way, Handforth, Wilmslow, SK9 3PE under the trading name, Royles and employed 5 staff at the Appointment Date
Administrators' statement of proposals (2016-03-24) · Companies House register