Race For Furniture Limited (02915101): administration and why it failed

Race For Furniture Limited (02915101): administration

Status: Administration ended
Administration began: 2012-02-29
Administrators: Steven Phillip Ross, Ian William Kings
Administrators' firm: RSM
Incorporated: 1994-03-31
Location: Sunderland
Industry: 5244

Why it went into administration

Cash flow / liquidity pressure
Creditor pressure / legal action

From the administrators' statement

The Company traded from retail units, situated at Portrack Retail Park, Holme House Road, Stockton on Tees, Cleveland TS18 2SB and from a warehouse at Units BT20-17 Pennine

Avenue, North Tees Industrial Estate, Stockton on Tees Clevelend TS18 2RW

Prior to the incorporation of the Limited Company, Race for Furniture had been in the Race family for a number of generations

Administrators' statement of proposals (2012-04-21) · Companies House register

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