Oakley's Ltd. (02948074): administration
- Status
- Administration ended
- Administration began
- 2020-12-02
- Administrators' firm
- KPMG
- Formerly
- Oakley's Group Limited; Foray 710 Limited
- Incorporated
- 1994-07-13
- Location
- Birmingham
- Industry
- 45190 Sale of other motor vehicles
Why it went into administration
- COVID-19
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Pension deficit
From the administrators' statement
The Company was incorporated on 13 July 1994 and operates from a single site just outside of Shrewsbury. The Company is independent and not part of any group.
The Company had franchise agreements with six large manufacturers who supplied garden machinery, professional ground-care products, and specialist golf equipment. The principal activity was the distribution of this equipment to their customer base.
At the date of appointment, the Company employed 22 members of staff.
Administrators' statement of proposals (2021-02-04) · Companies House register