Retail South West Limited (06131009): administration
- Status
- Administration ended
- Administration began
- 2012-12-05
- Incorporated
- 2007-02-28
- Location
- Exeter
- Industry
- 47599 Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store
Why it went into administration
- Property / lease costs
From the administrators' statement
Retail South West Ltd traded from 30 Valley Road, Plymouth, Devon PL7 1RF The business was incorporated in 2007 as a retailer of beds and home furnishings in Plymouth and traded profitably or some time
In 2012 the opportunity arose to lease premises on an informal basis in Exeter and the company opened a second store there. The site proved to be unsuccessful and closed after a short penod leaving unpaid rent and rates bills.
Due to the unpaid rent and accumulating unpaid VAT and PAYE with the threat of winding up, the company sought professional advice from me
Administrators' statement of proposals (2013-02-06) · Companies House register