# Basler (UK) Limited (03271008)

> Why UK company 03271008 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03271008

- **Status:** Administration ended
- **Administration began:** 2017-09-01
- **Administrators' firm:** Moorfields
- **Formerly:** C.L. Clothing International Limited
- **Incorporated:** 1996-10-30
- **Location:** London
- **Industry:** 46420 Wholesale of clothing and footwear

## Why it went into administration

- Cash flow / liquidity pressure

## From the administrators' statement

A summary of the Company's recent trading performance is shown below:

Statutory Accounts year Statutory Accounts year to to 30 April 2016 30 April 2015 Revenue 8,651,024 9,138,334 Cost of sales -5,304,643 -5,681,760 Grosss profit 3,346,381 3,456,574 Other operating income 481,460 400,360 Distribution costs ~4,131,319 -2,994,910 Administrative expenses -1,058,097 -1,462,091 Operating loss -1,361,575 -600,067 Investment income 2,231 110 Loss before tax -1,359,344 -599,957 Tax 0 0 Loss for the year -1,359,344 -599,957

The Group has traded poorly in recent years and this is consistent with the Company's performance as shown by the above accounts. In 2015, the Secured Creditor provided a loan a €13m loan to the Group however, trading performance continued to impact on liquidity.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03271008/filing-history/MzE4OTYxNjE1N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03271008

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