# Silk Industries Limited (04667190)

> Why UK company 04667190 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04667190

- **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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04667190/filing-history/MzI4NzQ5NjQzNGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04667190

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.