Sabi Interiors Limited (04549282): administration
- Status
- Administration ended
- Administration began
- 2013-03-21
- Administrators' firm
- Mazars
- Incorporated
- 2002-10-01
- Location
- London
- Industry
- 47599 Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store
Why it went into administration
- Property / lease costs
- Sustained trading losses
- Cash flow / liquidity pressure
From the administrators' statement
The Company was a retailer of exclusive high-end beds that traded under the brand name of Marshall and Stewart It traded from premises in Chelsea and the West End in London and Walton-on-Thames in Surrey It also had two warehouses in Brentford in Middlesex
Since 2007, the Company has been funded by Reformer Dormeur Limited (“RDL”), the majonty shareholder and secured creditor of the Company
The Chelsea and West End stores were historically profitable, however, the Walton-on-Thames store was loss making
Administrators' statement of proposals (2013-04-25) · Companies House register