# Stewart Linford (Chairmaker) Limited (02940286)

> Why UK company 02940286 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02940286

- **Status:** Administration ended
- **Administration began:** 2014-01-09
- **Incorporated:** 1994-06-17
- **Location:** Watford
- **Industry:** 31090 Manufacture of other furniture

## Why it went into administration

- Property / lease costs
- Sustained trading losses
- Rising interest rates

## From the administrators' statement

Stewart Linford (Chawmaker) Limited was incorporated on the 17 June 1994 and produced high quality, bespoke furniture from tts premises based at Kitchener Works, Kitchener Road, High Wycombe, HP11 2SJ

Over the years the Company has won many industry awards, including the coveted Queen’s Award for Enterprise in addition, the Company has worked with many celebrities and was considered to be one of the country's leading makers of Windsor chairs

The Company was badly hit by the recession and 5 years ago turnover reduced by 50% from £2 million to £1 million The Company tned to downsize and reduced tts overheads but the effect of high interest rates on its borrowings and an tnterest rate swap which cost the Company a significant amount of money left tt undercapitalised

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02940286/filing-history/MzA5OTI3ODk0N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02940286

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.