Swirl Products Limited (03150346): administration
- Status
- Administration ended
- Administration began
- 2015-10-16
- Administrators
- Anthony Collier, Ben Woolrych
- Administrators' firm
- FRP Advisory
- Incorporated
- 1996-01-24
- Location
- Manchester
- Industry
- 46499 Wholesale of household goods (other than musical instruments) n.e.c
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 24 January 1996 and traded as a personal care and toiletry wholesaler of branded products. The Company had a presence in the UK and across 32 countries worldwide It employed 9 members of staff and traded from rented premises located in Oldham, Manchester.
The Company traded profitably and at 31 December 2014 its profit and loss reserve totalled £1 7m. In the year ended 31 December 2014 the Company generated a profit before tax of £37k and had net assets of £1,781k. See Appendix A for further financtal information.
In 2014 the Company’s management took steps to sell the business and following a marketing period signed a contract in May 2015 with Statestrong Products Limited (Statestrong) in respect of a sale of the Company’s shares.
Administrators' statement of proposals (2015-12-21) · Companies House register