Nathan Furniture Limited (05497398): administration
- Status
- Administration ended
- Administration began
- 2017-03-20
- Administrators
- Sarah Helen Bell, Steven Muncaster
- Administrators' firm
- Kroll
- Incorporated
- 2005-07-03
- Location
- Manchester
- Industry
- 46150 Agents involved in the sale of furniture, household goods, hardware and ironmongery
Why it went into administration
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Sustained trading losses
- Rising costs / inflation
From the administrators' statement
Statutory information on the Company and a summary of its financial history is Included at Appendix 14.
The Company was incorporated on 3 July 2005 by Craig Priestly, Kevin Arrantash and John Parcell and began to trade immediately importing high end furniture for retailers and independent sales under the “Nathan Furniture” brand.
The brand “Nathan Furniture” was purchased in 2005 by the Director who in turn licensed the brand to the Company. Although not registered as a director at Companies House, Nicholas Radford oversaw the running of the Company and was formally appointed as director in October 2012.
Administrators' statement of proposals (2017-05-24) · Companies House register