# Traditional Contemporary Bathrooms Limited (03494394)

> Why UK company 03494394 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03494394

- **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,

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03494394/filing-history/MzA2OTAxOTQ5OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03494394

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