Lester Bowden (1898) Limited (02856198): administration
- Status
- Administration ended
- Administration began
- 2017-04-11
- Administrators
- Simon Peter Carvill-Biggs, Laurence Pagden
- Administrators' firm
- Menzies
- Incorporated
- 1993-09-23
- Location
- London
- Industry
- 47710 Retail sale of clothing in specialised stores
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The company was incorporated on 23 September 1993 and had traded for approximately 24 years. Its principal activity was the sale of premium brand quality menswear and specialist school uniform. School wear represented approximately two thirds of the turnover.
The directors of the company were Tom Bowden (appointed on 1 March 2010) and Richard Bowden (appointed on 10 December 1993). The entire issued share capital of £100,000 is held by 6 members of the Bowden family, including the two directors.
The Company's trading was seasona! with approximately 45% of sales being achieved in July to August of each year, when parents bought school uniforms. The company had arrangements with over 40 schools.
Administrators' statement of proposals (2017-06-14) · Companies House register