# Rett Retail Limited (02957121)

> Why UK company 02957121 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02957121

- **Status:** Administration ended
- **Administration began:** 2013-06-28
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 1994-08-10
- **Location:** Preston
- **Industry:** 47710 Retail sale of clothing in specialised stores

## Why it went into administration

- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Over-expansion / investment not recovered

## From the administrators' statement

Creditors of the Company have already been provided with information concerning the pre-packaged sale by correspondence dated 5 July 2013, a copy of which is attached at Appendix 2 for ease of reference and a further summary ts provided below The following information has been extracted from this letter summarising the Administrators involvement pre appointment

The Company ts a high street retailer (with an online presence) of branded and non-branded clothing It began trading in 1992, when tt opened its first store in The Corn Exchange, Leeds, originally to sell music tickets and fill a gap in the market targeting young shoppers

Rapid growth led to the opening of a second store in York tn 1994, followed by Sheffield, Nottingham, Derby and Manchester In December 2012 the Company decided to open tts latest ARK store in Liverpool

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02957121/filing-history/MzA4MzQ3NzQ3NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02957121

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