The Duvet & Pillow Company Limited (04252468): administration
- Status
- Administration ended
- Administration began
- 2011-07-08
- Incorporated
- 2001-07-16
- Location
- Manchester
- Industry
- 5141
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Sustained trading losses
From the administrators' statement
The Company had been loss-making in the months leading up to the Joint Administrators’ appointment and had been faced with increasing creditor pressure
The Joint Administrators were advised by management that the Company had lost a significant contract with its largest customer that had a detrimental rmpact on the Company’s turnover
Despite some cost-cutting exercises implemented by management, trading had continued to suffer in light of the ongoing economic decline in the retail sector As a result, the Company had been struggling to fulfil existing orders and was unable to pay its debts as they fell due.
Administrators' statement of proposals (2011-08-16) · Companies House register