C4C 2022 Limited (05011885): administration
- Status
- Administration ended
- Administration began
- 2022-11-30
- Administrators
- Edward Williams, Ross David Connock
- Administrators' firm
- PwC
- Formerly
- Cut4Cloth Ltd
- Incorporated
- 2004-01-12
- Location
- Leeds
- Industry
- 46420 Wholesale of clothing and footwear
Why it went into administration
- COVID-19
- Competition / price pressure
- Cash flow / liquidity pressure
- Brexit
From the administrators' statement
The Company was incorporated on 12 January 2004 as Cut4Cloth Limited and operated from its head office at Hornsby House, Wheal Vrose Business Park, Helston, Cornwall, TR13 OFG as a sustainable clothing business, specialising in baby and childrens clothing and clothing for new mothers. In 2008, the business rebranded to and traded as “Frugi”. The Company is a wholly owned subsidiary of Bidco and the ultimate beneficial owner of the Group is True by virtue of their shareholding in Topco, which was incorporated for the purpose of purchasing the company. Please refer to Appendix A for a diagram of the Group’s structure.
Since its incorporation, the Company has grown substantially year upon year as a result of consumers being increasingly more conscious of the environment and ethical principles towards the manufacturing of retail clothing. The Company manufactured its products in India, Turkey and Portugal and took pride in its strong ethical and organic principles, working together with many overseas manufacturers to ensure that only organic materials are used and that cotton farmers receive appropriate compensation for their materials.
The business sold its products through multiple channels both in the UK and across the world, retailing in large department stores, such as John Lewis, Next and Zalando amongst others, as well as directly to consumers. Sales were primarily generated via the Company’s website, but were also made via additional trade channels including via its two retail outlets, situated within its headquarters in Helston and within Clarks Village, Somerset and through trade relationships.
Administrators' statement of proposals (2023-01-19) · Companies House register