06132417 Limited (06132417): administration
- Status
- Administration ended
- Administration began
- 2018-12-19
- Administrators
- Daniel James Mark Smith, Michael John Magnay
- Administrators' firm
- Deloitte
- Formerly
- HF Group Acquisitionco Limited; Hackremco (No. 2468) Limited
- Incorporated
- 2007-03-01
- Location
- Birmingham
- Industry
- 5244
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company provides kitchens, bathrooms and bedrooms under the Moben, Kitchens Direct, Dolphin and Sharps brands through a network ofc 170 showrooms being a combination of leased premises and concesstons The majonty of stores provide displays of all brands The Company employs ¢ 1,200 employees
The Company has expenenced significant difficulties due to the current economuc climate, particularly in the kitchen and bathrooms markets The trading downturn resulted in a short term funding requirement of over £10 millton that management attempted to bridge through a number of different funding providers and cash initianves. Prior to admimustration we understand that the Duector formed the view that the funding options that were sought were not capable of being
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Administrators' statement of proposals (2011-08-23) · Companies House register