Europlay Trading Limited (05216716): administration
- Status
- Administration ended
- Administration began
- 2011-07-20
- Administrators
- Dermot Justin Power, Joanne Marie Wright
- Administrators' firm
- BDO
- Formerly
- Klever Kids Limited; Kiddycare UK Limited
- Incorporated
- 2004-08-27
- Location
- Birmingham
- Industry
- 5261
Why it went into administration
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company was incorporated on 27 August 2004 76% of the share capital 1s held by the parent company S Garner & Co Limited (“SGC”), with the remainder being held by a Director, Paul James Roberts
The principal activity of the Company was the wholesale and retail of nursery goods Sales were made directly to the public through a website or directly to their main customer, Mothercare. Goods were branded according to intellectual property agreements with Norton Motorcycles (UK) Limited and Mothercare
Based on draft accounts, the business had made a loss of c£105,000 for the year ended March 2009, Since then the Company was profitable in the year ended March 2010 with net profit after tax of c£3,000, and an increase of profit in 2011 to c£132,000. It should be noted that the profit for the year ended 2011 1s artificially increased due to the wnte off of the £100,000 loan which occurred in the year ended March 2011. This loan was from a related company, Fireworks International Limited (“FIL”) which ts also in Adminstration 2.5
Administrators' statement of proposals (2011-09-15) · Companies House register