Sharps Kitchens & Bedrooms Limited (02946378): administration
- Status
- Administration ended
- Administration began
- 2018-01-19
- Administrators
- Stephen John Evans, William Antony Batty
- Administrators' firm
- Antony Batty
- Formerly
- Actif Designs Limited
- Incorporated
- 1994-07-07
- Location
- London
- Industry
- 47599 Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store
Why it went into administration
- HMRC / tax arrears
- Weak consumer demand
- Bad debts / customer insolvency
- Property / lease costs
From the administrators' statement
Sharps Kitchen & Bedrooms Limited (“the Company”) was incorporated in 1993 and commenced trading in September 1994 as a fitted Kitchen and Bedroom retail outlet in Stoke on Trent. It was created by David Sharp who was the majority shareholder together with Richard Sharp. David Sharp had previous experience within the Kitchen retail sector as a director of a substantial Sheffield based kitchen and bedroom retail company named Kitchen Creation Group, which had 43 showrooms based throughout the United Kingdom.
All funding came from David Sharp personally in a form of a Directors loan. There was also financial support from an associated company in Sheffield in the form of extended credit facilities, with which the company purchased the products.
The Company's principal trading address was at Unit 4, Etruria Way, Basford, Stoke on Trent, Staffordshire. The Company operating from these premises on a leasehold basis with a 6-month rent deposit.
Administrators' statement of proposals (2018-03-09) · Companies House register