Great Star (UK) Limited (04007958): administration
- Status
- Administration ended
- Administration began
- 2011-07-06
- Administrators' firm
- Copyrite Business Solutions
- Formerly
- Gold Medal (Romsey) Limited
- Incorporated
- 2000-06-05
- Location
- Salisbury
- Industry
- 5154
Why it went into administration
- Property / lease costs
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company’s registered and trading office was 210 Mauretania Road, Nursling Industrial Estate, Southampton, Hampshire, SO16 OYS, its principal activity being as a global manufacturer, importer and distributor of quality products designed for the trade and DIY hand tools industry
In 2009/10 the Company was made aware that :t would likely lose business from one of its largest customers, B&Q Limited The director recognised this would affect sales and profit and therefore initiated talks with the landlord of the Company's premises in an attempt to part let or fully re-let the property Despite some interest in the property no let was secured
Between 2010 and 2011 sales to B&Q Limited reduced considerably and the director took immediate steps to mitigate costs, and the Company made a number of its staff redundant As 2011 progressed however it became obvious to the director that the Company would not be able to survive the loss of business whulst still being able to pay the landlords their required rent and rates The Company ceased to trade on 6 July 2011
Administrators' statement of proposals (2012-02-09) · Companies House register