Yorkshire BED Company Limited (03660274): administration
- Status
- Administration ended
- Administration began
- 2011-06-27
- Formerly
- Yorkshire Bedding Company Limited
- Incorporated
- 1998-11-02
- Location
- Driffield
- Industry
- 5244
Why it went into administration
- Cash flow / liquidity pressure
- Property / lease costs
From the administrators' statement
The company’s business was that of a retailer of bedroom furniture primarily bedsteads, mattresses, and divan sets together with accessories such as pillows, mattress protectors, and also some furniture such as wardrobes and bedside units The company had 13 employees
HSBC has a fixed and floating charge over the company’s assets and undertaking created on 28 March 2000 as well as a legal mortgage dated 22 March 2005 There 1s also a legal charge dated 22 March 2005 in favour of Raymond Oliver, Julie Margaret Oliver and St Cross Trustees Limited It is understood by the director, Mr Domney that although both the legal mortgage and the legal charge remain outstanding on the register at Compames House both charges are satisfied and relate to the company’s former trading premises at Hessle which was sold
During the early to middle part of 2011, the company began to experience cash flow difficulties
Administrators' statement of proposals (2011-08-23) · Companies House register