Traditional Contemporary Bathrooms Limited (03494394): administration
- Status
- Administration ended
- Administration began
- 2012-10-09
- Administrators
- Charles Graham John King, Robert Hunter Kelly
- Administrators' firm
- EY
- Formerly
- Victorian Bathrooms Limited
- Incorporated
- 1998-01-19
- Location
- Leeds
- Industry
- 46740 Wholesale of hardware, plumbing and heating equipment and supplies
Why it went into administration
- Rising costs / inflation
- Competition / price pressure
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Management failings / irregularities
From the administrators' statement
The Company grew rapidly during the period 2004 to 2008 with turnover increasing from £10 1m to £26 2m, partly assisted by strong market growth In 2008, market conditions changed and turnover has since remained static in the mid £20m’s
The Company's profit after tax declined in FY11 and FY12 due to
• The difficult market conditions and the effects of discounting from competitors,
Administrators' statement of proposals (2012-12-07) · Companies House register