G D (GB) Ltd (06271327): administration
- Status
- Administration ended
- Administration began
- 2012-07-25
- Administrators
- Philip Michael Lyon, Roderick John Weston
- Administrators' firm
- Mazars
- Incorporated
- 2007-06-06
- Location
- Nottingham
- Industry
- 14142 Manufacture of women's underwear
From the administrators' statement
The company was incorporated in June 2007 to carry out the manufacture of women s stockings and continued to do so until 2010 when it became clear that in order to become more profitable, a change in strategy was needed
The company changed to a 2 shift manufacturing program working on the basis that with an increase in production, the company’s overheads could be managed easier The initeal cost outlay of additional staff and training eventually increased production sufficiently to cover the capital expenditure
Unfortunately the sales team were unable to capitalise on the creased stock levels Prices were reduced in order to increase demand but this was also unsuccessful
Administrators' statement of proposals (2012-09-12) · Companies House register