BOB Pheasant Limited (04741525): administration
- Status
- Administration ended
- Administration began
- 2011-08-24
- Administrators
- John Walters, Jonathan James Beard
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2003-04-23
- Location
- Brighton
- Industry
- 5190
Why it went into administration
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
From the administrators' statement
Mr Bob and Mrs Gwen Pheasant (“Mr & Mrs Pheasant”) started trading as card retailers in January 1974 from two mobile walk-in vans The business grew steadily and over the next ten years they had hired staff and had nine vans covenng Sussex, Surrey, Kent, Hampshire and Dorset The business continued to expand and acquired two warehouses in Southampton and Bnghton which operated as cash and carry outlets By 1993/94 the turnover of the business was approximately £3 5 million
In 1996 Bob Pheasant fell critically ill and was hospitalised with a brain tumour After this both Mr and Mrs Pheasant became less involved in the ongoing business and relied on a business partner lan Pitts to assist with the day to day management While the closure of many independent retailers meant that the business was unable to continue tts expansion, it continued to perform well for a number of years and tn 2003 the decision was made to incorporate the business
Bob Pheasant Limited (“the Company”) was incorporated in Apnl 2003 to continue the business Due to Mr Pheasant’s illness Mr and Mrs Pheasant remained reliant on lan Pitts, who was now a director, and ther staff for the day to day operation of the Company The Company initially continued its previous success, however the continuing closure of independent retailers within the sector resulted in the Company making a loss in 2007 and 2008 Despite these losses the Company retained a positive balance sheet and went on to make a small profit in 2009
Administrators' statement of proposals (2011-10-21) · Companies House register