QFH Limited (02801219): administration
- Status
- Administration ended
- Administration began
- 2018-08-24
- Administrators' firm
- KPMG
- Formerly
- The Quality Furniture Company Limited; QFH Limited; Ablevein Limited
- Incorporated
- 1993-03-18
- Location
- Nottingham
- Industry
- 31090 Manufacture of other furniture
Why it went into administration
- HMRC / tax arrears
- Weak consumer demand
- Rising costs / inflation
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
QFH Limited was incorporated in 1993 and is a property holding company which owns freehold property on Alma Park Road, Grantham, from which its trading subsidiary, QFC, operates.
The principal activity of QFC was the design and manufacture of upholstered furniture. QFC entered administration on 2 August 2018 with Chris Pole and Mark Orton also being appointed Joint Administrators.
2.2 Funding and financial position of the Company
Administrators' statement of proposals (2018-10-30) · Companies House register