VSJ Limited (04267217): administration
- Status
- Administration ended
- Administration began
- 2018-04-23
- Administrators
- Blair Carnegie Nimmo, Geoffrey Isaac Jacobs
- Administrators' firm
- KPMG
- Formerly
- Southgate Limited
- Incorporated
- 2001-08-08
- Location
- Leeds
- Industry
- 46900 Non-specialised wholesale trade
Why it went into administration
- Competition / price pressure
- Sustained trading losses
- Cash flow / liquidity pressure
- HMRC / tax arrears
From the administrators' statement
The Company commenced trading upon incorporation on 8 August 2001.
Its principal activity was the supply of motorcycle helmets, clothing and accessories to retailers based in the UK and distributors in Europe. The Company operated from leasehold premises, located near to Penrith in Cumbria.
Selling its products under the Nitro, Akito and G-MAC brands, the Company sourced the majority of its stock from a small number of key suppliers based in China and Pakistan.
Administrators' statement of proposals (2018-06-29) · Companies House register