AJM Textiles Ltd (05802433): administration
- Status
- Administration ended
- Administration began
- 2016-02-22
- Administrators
- Sean Williams, Philip Deyes
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2006-05-02
- Location
- Manchester
- Industry
- 13921 Manufacture of soft furnishings
Why it went into administration
- Loss of a key customer, supplier or contract
- HMRC / tax arrears
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Property / lease costs
- Rising costs / inflation
- Sustained trading losses
- Credit insurance / supplier credit withdrawn
From the administrators' statement
31 A full background to the events leading up to Administration were sent to all creditors on 26 February 2016 and ts at Appendix J of the report
32 The Company was incorporated in 2006 and commenced to trade shortly after Funds were acquired privately by both Directors to manage the initial start up costs
33 The Company traded in the manufacture and supply of various textiles, but in the main mattress covers to a vanety of sectors (retail, medical, prisons etc)
Administrators' statement of proposals (2016-04-05) · Companies House register