GDB UK Limited. (03283124): administration
- Status
- Administration ended
- Administration began
- 2012-05-08
- Administrators' firm
- Cork Gully
- Formerly
- Moorkens Projects UK Limited
- Incorporated
- 1996-11-25
- Location
- London
- Industry
- 47599 Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store
Why it went into administration
- Funding withdrawn / unable to refinance
- Bad debts / customer insolvency
From the administrators' statement
The Company's managing director has advised the Joint Administrators that the Company was incorporated on 25 November 1996 as a wholly owned subsidiary of GDB Internationat SA (“GIS”), a Belgian company, and was formed for the purpose of expanding GIS’s UK activity GIS Is part of the privately owned group of compames ultimately owned by a Belgian holding company, ALCOPA GIS provided the accounting function to the Company
The principal activity of the Company was the wholesale distnbution of office furniture to customers in the UK and Ireland The Company sold its stock through branded catalogues to resellers who purchased catalogues and sold the office furniture to end users The whole process from order placement to installation was managed by the Company, together with support services such as loca! marketing, space planning and lead generation through websites
The Company began trading from leased premises in Reigate before moving to leased premises at Scriptor Court, 155-157 Farringdon Road, London EC1R 3AD (“the Scriptor Court premises”) in 2007 as a result of pressure from resellers to have a London presence The Company also utilised a warehouse facility in Nottingham to store stock before shipping to customers
Administrators' statement of proposals (2012-07-04) · Companies House register