RM Realisations Limited (05745245): administration
- Status
- Administration ended
- Administration began
- 2019-10-28
- Formerly
- Reem Clothing Limited
- Incorporated
- 2006-03-16
- Location
- Leeds
- Industry
- 47710 Retail sale of clothing in specialised stores
Why it went into administration
- Competition / price pressure
- Weak consumer demand
- Sustained trading losses
- Brexit
From the administrators' statement
In November 2003, Reem Clothing (“Reem”) was formed by Simon Cohen (“SC”) operating as a sole trader from premises at home. The business was initially funded by £3,000 personal savings and a £7,000 personal loan which were utilised to set-up the website enabling the business to trade via online sales retailing grey market goods such as Diesel Jeans.
At the start of 2005, SC began attending fashion trade shows and moved completely away from selling
Company (“the Company”) was incorporated with SC (“the Director”) acting as sole director and shareholder with one employee. The Company experienced rapid increases in sales for these brands and moved to a bigger unit in 2007, followed by warehouse premises in 2009, in order to accommodate the expanding stock levels. Turnover was over £800,000 and further staff were taken on.
Administrators' statement of proposals (2019-12-31) · Companies House register