Uncn Realisations 2012 Limited (03247827): administration
- Status
- Administration ended
- Administration began
- 2012-10-04
- Administrators' firm
- Begbies Traynor
- Formerly
- United Carpets (Northern) Limited; Carpet Mill Factory Shops Limited; Factory Outlets (UK) Limited
- Incorporated
- 1996-09-04
- Location
- Preston
- Industry
- 47530 Retail sale of carpets, rugs, wall and floor coverings in specialised stores
Why it went into administration
- Property / lease costs
- Competition / price pressure
- Sustained trading losses
- Bad debts / customer insolvency
From the administrators' statement
Creditors of the Company have already been provided with information concerning the pre-packed sale by correspondence dated 8 October 2012, a copy of which 1s attached at Appendix 2 for ease of reference and a further summary is provided below The following information has been extracted from this letter summansing the Administrators involvement pre appointment
The Company ts the principal trading company of United Carpets Group plc ("Group") and is a wholly owned subsidiary of UCF, a dormant holding company The Company owns the corporate stores and acts as franchisor of the Group's franchises In 2005, Group was listed on the Alternative Investment Market (AIM)
Since its incorporation in 1992, the Company has established itself as the UK's largest franchised carpet retailer In 2010, the group trading operations were re-aligned into four trading divisions of the Company United Carpets Franchising dealt with the franchise operations, United Carpets Retail which dealt with the corporate (1e non franchised) stores, United Beds sold beds via the corporate and franchised stores and finally United Carpets Warehouse which ran the warehousing operations
Administrators' statement of proposals (2013-03-27) · Companies House register