# Oakley's Ltd. (02948074)

> Why UK company 02948074 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02948074

- **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- Funding withdrawn / unable to refinance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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02948074/filing-history/MzI5MDU1MDQxOGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02948074

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