Silk Industries Limited (04667190): administration
- Status
- Administration ended
- Administration began
- 2020-11-09
- Administrators
- Christopher Robert Pole, James Ronald Lumb
- Administrators' firm
- KPMG
- Formerly
- Tayvin 300 Limited
- Incorporated
- 2003-02-17
- Location
- Newcastle upon Tyne
- Industry
- 13200 Weaving of textiles
Why it went into administration
- Competition / price pressure
- COVID-19
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
From the administrators' statement
The business has traded since 1740 as a weaver of silk. It designs, dyes and weaves silk cloth, and its principal product lines are ties and scarves. It has a worldwide reputation for the quality of its products, and its customers include international brands like Burberry and Ralph Lauren.
Since the early 1900's, the business has traded from freehold premises at Gregory Mills, Weavers Lane, Sudbury, Suffolk.
The Company was incorporated in 2003 as part of a corporate transaction.
Administrators' statement of proposals (2021-01-07) · Companies House register