Signlease Limited (05395650): administration
- Status
- Administration ended
- Administration began
- 2011-10-14
- Administrators
- Mark Granville Firmin, Paul Andrew Flint
- Administrators' firm
- KPMG
- Incorporated
- 2005-03-17
- Location
- Leeds
- Industry
- 5010
Why it went into administration
- Weak consumer demand
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
From the administrators' statement
The Company, incorporated on 17 March 2005, was the main trading entity of the Group whose parent, Discover Leisure Ple (previously Titan Move Limited) had been AIM listed since May 2005 Following the AIM listing, a number of acquisitions were made and the Group was rebranded as ‘Discover’
The rebranding aimed to move the Group’s image away from a caravan dealer and more towards a one-stop shop outdoor retailer, with vehicle accessories and after sales The Company was the UK’s leading retailer of new and used caravans and motorhomes
Following a loss of consumer confidence and reduced discretionary spending, the financial performance of the Company detenorated during 2008 and 2009 until, on 15 June 2009, it agreed a Company Voluntary Arrangement with its creditors This allowed the Company to reduce the number of trading sites to reflect the shnnkage in the market Since that date, the Company traded as normal until the appointment of the Joint Admunistrators on 14 October 2011
Administrators' statement of proposals (2011-12-13) · Companies House register