Park Lane Cards Limited (03821837): administration and why it failed

Park Lane Cards Limited (03821837): administration

Status: Administration ended
Administration began: 2011-10-28
Administrators: Steven Phillip Ross, Ian William Kings
Administrators' firm: RSM
Incorporated: 1999-08-09
Location: Sunderland
Industry: 5248

Why it went into administration

Cash flow / liquidity pressure
Sustained trading losses

From the administrators' statement

• General downturn in trade — turnover reduced from £2 1m to £1m within the last 12 months,

Non-profit making shops,

Onerous leases

Administrators' statement of proposals (2011-12-12) · Companies House register

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Park Lane Cards Limited (03821837): administration

Why it went into administration

From the administrators' statement

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Park Lane Cards Limited (03821837)