Amber Dudes Limited (02912747): administration
- Status
- Administration ended
- Administration began
- 2013-08-30
- Administrators
- Robert Nicholas Lewis, Roger Gareth Hale
- Administrators' firm
- PwC
- Incorporated
- 1994-03-25
- Location
- Leeds
- Industry
- 46900 Non-specialised wholesale trade
Why it went into administration
- Competition / price pressure
From the administrators' statement
Amber Dudes Limited (“the Company”) was a wholesaler and distnbutor of fashion clothing and accessories operating from freehold premises in Newport. The Company was owned entirely by its founder and sole director, Howard Wetter, who was the principal contact for all the distributor, customer and supplier relationships
In recent years, significant investment had been made into the design and promotion of certain own brand products, which were predominantly sourced from overseas. The development costs associated with the imvestment in rts brands, coupled with over optimistic stocking n FY13, resulted in the business making a loss of £0.3m on turnover of £2.5m
The business had one key selling season in Autumn / Winter, which required significant worlang capital to fund stock purchases ahead of meeting customer orders.
Administrators' statement of proposals (2013-11-04) · Companies House register