From the administrators' statement

28 Black Limited (“the Company”) was incorporated on 17 December 2001 and traded under the style Fashion Exchange Retail and had 2 retail outlets, 1 in London and 1 in Manchester

A winding up petition was issued against the Company by the landlord's solicitors for £58,363. Upon receipt of the winding up petition the director took advice from their accountant White & Company in Manchester, who suggested he seek advice from Lucas Johnson Limited

The director met with Lucas Johnson Limited on 16 January 2012 and discussed the available options The advice received confirmed that the Company was insolvent as it was unable to pay its debts as they fell due, due to the lack of available cashflow

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28 Black Limited (04341497)

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