Kevin France Upholstery Limited (03657568): administration
- Status
- Administration ended
- Administration began
- 2012-08-31
- Administrators' firm
- Begbies Traynor
- Formerly
- Turnlock Limited
- Incorporated
- 1998-10-28
- Location
- Birmingham
- Industry
- 31090 Manufacture of other furniture
Why it went into administration
- HMRC / tax arrears
- Sustained trading losses
From the administrators' statement
Kevin France Upholstery Limited (‘Kevin France”) was incorporated on 28 October 1998 and traded from rented premises at Pensnett Trading Estate Trade had historically been successful and the Company employed tn excess of 100 people
2012 was a difficult trading period, for the first quarter sales did meet target but, unfortunately, from Apri 2012 onwards the position deteriorated
Anticipated orders were not forthcoming unt later than budgeted for and when they did matenalise there were delays in the lead times of the fabncs This resulted in loss of production which meant tt was necessary to reduce the workforce to a 3 or 4 day working week The delay on the fabric delivery continued throughout May 2012 and finally arrived in early June 2012 This had serous consequences regarding production and the resulting sales for the period
Administrators' statement of proposals (2012-11-01) · Companies House register