Paul Simon (London) Limited (02815748): administration
- Status
- Administration ended
- Administration began
- 2014-04-02
- Administrators
- Lee Antony Manning, Nicholas Guy Edwards
- Administrators' firm
- Deloitte
- Incorporated
- 1993-05-06
- Location
- London
- Industry
- 47510 Retail sale of textiles in specialised stores
Why it went into administration
- Property / lease costs
- Sustained trading losses
- Competition / price pressure
- Weather / natural events
From the administrators' statement
Prior to Administration the Directors, with the assistance of Spectrum, had actively marketed the Company for sale They were prepared to sell the Company for £1 to any investor who
was willing to inject further working capital to avoid insolvency
No sale being forthcoming, and faced with cash outflows and an inability to meet lrabilities as
Administrators' statement of proposals (2014-05-30) · Companies House register