Siesta Clothing Limited (03398261): administration
- Status
- Administration ended
- Administration began
- 2014-01-08
- Administrators' firm
- BDO
- Incorporated
- 1997-07-03
- Location
- Gatwick
- Industry
- 46420 Wholesale of clothing and footwear
Why it went into administration
- Property / lease costs
- Weak consumer demand
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 3 July 1997 and commenced trading in 1998. The nature and purpose of the business was to source American clothing brands and to procure the right to wholesale them in the UK.
Initially the Company procured nghts to brands such as David & Goliath and Drunken Monkey and by 2002/3 was supplying a number of well-known high street retailers
The Company traded initially from rented offices and warehouse premises in Leamington Spa and funding was by way of a Confidential Invoice Discounting facility provided by Lloyds Bank Commercial Finance Ltd.
Administrators' statement of proposals (2014-02-20) · Companies House register