Farago Fabrics Ltd. (03485956): administration
- Status
- Administration ended
- Administration began
- 2015-02-13
- Administrators
- Scott Christian Bevan, Simon David Chandler
- Administrators' firm
- Mazars
- Incorporated
- 1997-12-24
- Location
- Nottingham
- Industry
- 13300 Finishing of textiles
Why it went into administration
- Rising costs / inflation
- Energy costs
- Creditor pressure / legal action
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The company was incorporated in 1997 with Harvinder Johal and Sukhbir Johal holding 50% of the company’s shares respectively
The company purchased the assets of Farago Limited a connected company, by virtue of common directorship and ownership, from its Joint Administrators
The company commenced trading from its premises at Nansen Road and employed in excess of 50 employees
Administrators' statement of proposals (2015-04-21) · Companies House register