G.L.T.C. Limited (05042186): administration
- Status
- Administration ended
- Administration began
- 2023-09-13
- Administrators' firm
- Moore Kingston Smith & Partners
- Incorporated
- 2004-02-12
- Location
- London
- Industry
- 47910 Retail sale via mail order houses or via Internet
Why it went into administration
- Supply chain disruption
- Property / lease costs
- COVID-19
- Weak consumer demand
- Rising costs / inflation
- Rising interest rates
- HMRC / tax arrears
- Sustained trading losses
From the administrators' statement
GLTC is an independently owned, own brand retail business selling children’s homeware and toys. It was incorporated in 2004 with the Brand and assets being bought from the previous owners.
Finance
The Company has latterly been funded by its sole shareholder, a private investor.
Administrators' statement of proposals (2023-10-03) · Companies House register