Wovenground Limited (05717386): administration
- Status
- Administration ended
- Administration began
- 2014-06-05
- Incorporated
- 2006-02-21
- Location
- Brighton
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Property / lease costs
From the administrators' statement
The company traded from leasehold retail premises situated in 570 Kings Road, London SW6 2DY and 57-59 Regent St Leamington, Spa CV32 SEE The company also took a lease on a warehouse situated at 17a St Mary's Road, Leamington Spa The company’s head office was situated at 4B Bannon Court, Michael Road, London SW6 2EF held under a tenancy agreement
The company’s principle trading operations centred on the sourcing and supply of high end rugs and specialist carpet and natural flooring products from designers and suppliers worldwide The London retat! outlet operated in the fashionable Chelsea area and was geared towards providing designer products to architects and designers employed by clients who were outfitting entire properties rather than buying one off items
The revenue stream for thts shop would traditonally fluctuate with several months passing achieving minimal sales In good months, due to the nature of the clients, the store could attract sales of £12,000 in one day The Leamington spa outlet attracted higher volume but a lower spend per unit
Administrators' statement of proposals (2014-09-18) · Companies House register