New City Flooring Ltd (04027383): administration and why it failed

New City Flooring Ltd (04027383): administration

Status: Administration ended
Administration began: 2011-12-05
Administrators: Adrian David Allen, Lindsey J Cooper
Administrators' firm: Baker Tilly Restructuring and Recovery
Formerly: S.J. & E. Brennan Trading AS New City Flooring Limited
Incorporated: 2000-07-05
Location: Leeds
Industry: 7487

Why it went into administration

Competition / price pressure
Over-expansion / investment not recovered
Sustained trading losses

From the administrators' statement

Relevant extracts from the Company’s audited accounts and management accounts are provided below:

Draft Audited Audited

Accounts Accounts Accounts

Administrators' statement of proposals (2012-02-06) · Companies House register

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New City Flooring Ltd (04027383): administration

Why it went into administration

From the administrators' statement

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New City Flooring Ltd (04027383)