Cullingford Carpets Limited (05332046): administration
- Status
- Administration ended
- Administration began
- 2023-11-20
- Administrators
- Hugh Francis Jesseman, Claire Howell
- Administrators' firm
- Antony Batty
- Incorporated
- 2005-01-13
- Location
- London
- Industry
- 47530 Retail sale of carpets, rugs, wall and floor coverings in specialised stores
Why it went into administration
- Property / lease costs
From the administrators' statement
The Company was incorporated on 13th January 2005 and commenced trading on 14th January 2005 operating as a retail carpet, curtain and blind retailing business. It was established by Stewart Culllingford (“Mr Cullingford”), a Company director and the majority shareholder. Mr Cullingford has 27 years’ experience within the industry and run the Company with his wife and co-director, Sharon Cullingford (“Mrs Cullingford”).
The family run business, established in the late 1970s, provided full carpet & smooth flooring, curtain, blinds and fabric sales to an established customer base offering a full fitting service with a guarantee. The business also offered a whipping service to private customers and other local businesses from its Gillingham location.
All funding came from Mr and Mrs Cullingford personally in the form of Directors’ loans, loans from the Company’s bankers, and from third party investment. The Company was also granted a £75,000 overdraft facility. No other external investments were raised.
Administrators' statement of proposals (2024-01-16) · Companies House register