Global Textiles (UK) Limited (03879826): administration
- Status
- Administration ended
- Administration began
- 2018-07-23
- Administrators
- Kerry Bailey, William Matthew Humphries Tait
- Administrators' firm
- BDO
- Incorporated
- 1999-11-18
- Location
- Manchester
- Industry
- 46410 Wholesale of textiles
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 18 November 1999 and is owned by Arnold Forester (58.2%), Martin Goodman (34.4%) and Elizabeth Dixon (7.4%) (the ‘Shareholders’).
The Company’s principal activities include the wholesale distribution of domestic textile products (curtains, bedding, cushions and curtain poles) with the vast majority of goods imported from Asia.
The Company owns 51% of Home Creations Limited (‘HCL’), which mainly specialises in the wholesale of bedding and bathroom products. The Company also owns 100% of Whitehouse (Aurora) Home Furnishings Limited (‘WAHFL’), which is a dormant company.
Administrators' statement of proposals (2018-08-26) · Companies House register