Moda In Pelle Properties (14) Limited (05852062): administration
- Status
- Administration ended
- Administration began
- 2017-01-11
- Administrators
- Howard Smith, Jonathan Charles Marston
- Administrators' firm
- KPMG
- Incorporated
- 2006-06-20
- Location
- Leeds
- Industry
- 99999 Dormant Company
Why it went into administration
- Sustained trading losses
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
IFS was incorporated on 29 November 2006 and was a dedicated supplier of ladies footwear through its network of 17 retail outlets, website and warehouse it specialised in the supply of own branded “Moda in Pelle” women’s footwear The footwear was also sold through Moda (CD) Limited and Direct Footwear (UK) Limited (both 100% owned subsidiartes of IFS) which operated 26 concessions in vanous national retailers and supplied into the wholesale market, respectively
The Trading Group employed 348 people and operated from a leasehold head office and warehouse located at Education Road, Leeds
3.2. Funding and financial position of the Trading Group and Company
Administrators' statement of proposals (2017-02-23) · Companies House register