Nursery Connections Limited (04020110): administration
- Status
- Administration ended
- Administration began
- 2023-03-01
- Administrators
- Francis Gavin Savage, Bai Cham
- Administrators' firm
- Begbies Traynor
- Formerly
- Smart Resources Limited
- Incorporated
- 2000-06-22
- Location
- Chatham
- Industry
- 46499 Wholesale of household goods (other than musical instruments) n.e.c
Why it went into administration
- COVID-19
- Competition / price pressure
- Supply chain disruption
- Loss of a key customer, supplier or contract
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
Nursery Connections Limited was incorporated on 22 June 2000 by Mr Robert John Lennard, the Company’s present director. It is the largest and most established of the UK’s nursery mattress suppliers, has long standing relationships with major retailers and an experienced lead in the Design, Development and manufacture of own-brand and branded baby mattresses. The principal business activity commenced with mattress manufacturing but subsequently extended to the manufacture of cots and cribs.
Whilst the Company had built a strong team of middle management capable of running the business on a day to day basis, the COVID-19 pandemic had a significant impact on the Company as the ensuing nationwide restrictions prevented the director from visiting the factory for a period of approximately 20 months. Since returning to the business on a full-time basis, the Director’s attention had been on the improvement of the team and encouraging all aspects of the business to be reviewed — this had continued to be a challenge given the ongoing economic challenges.
The Company was historically profitable and, historically provided the director as an income source for many years. However, the COVID-19 pandemic had a major impact on the Company thus preventing the director from attending the factory for many months.
Administrators' statement of proposals (2023-04-15) · Companies House register