Cloverley Soft Furnishings Limited (03587906): administration
- Status
- Administration ended
- Administration began
- 2017-01-12
- Administrators
- Sean Williams, Philip Deyes
- Administrators' firm
- Leonard Curtis
- Incorporated
- 1998-06-25
- Location
- Leeds
- Industry
- 47599 Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store
Why it went into administration
- Weak consumer demand
- Property / lease costs
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
The directors began trade as a sole trader business from a store in Armitage Bridge Huddersfield producing made to measure curtains Following interest from customers the decision was taken to move to a larger store in Dalton Huddersfield in order to be able to stock furniture in addition to the curtains
The directors took the decision to incorporate the Limited Company on 25 June 1998 The Dalton store was a success and the directors subsequently purchased the business of a second store in Penistone The directors continued to trade both businesses for a period before taking the decision to concentrate on the Penistone store
The Dalton Store was sold in August 2004 for £28k plus a deferred element for the stock Unfortunately the purchaser of the store ceased trading and the stock was not fully repaid This had little impact on the Company's performance due to the success of the Penistone store
Administrators' statement of proposals (2017-03-15) · Companies House register