Albion Limited (06300240): administration
- Status
- Administration ended
- Administration began
- 2020-06-23
- Administrators
- Howard Smith, Richard John Harrison
- Administrators' firm
- KPMG
- Formerly
- Albion Clothing Limited
- Incorporated
- 2007-07-03
- Location
- Leeds
- Industry
- 46420 Wholesale of clothing and footwear
Why it went into administration
- Funding withdrawn / unable to refinance
- Competition / price pressure
- Weather / natural events
- Sustained trading losses
- Loss of a key customer, supplier or contract
From the administrators' statement
The: Company was incorporated on 3 July 2007 and operated from leasehold premises in. Hemel Hempstead as well as a Group site near Carlisle.
The Company specialised i in sourcing menswear and children’s clothing for direct sale to UK and international high street retailers (predominately under the retailer's own branding/label) ‘or for general wholesale using ‘Albion’ or ‘Ed Walters’ branding.
The Company designed clothing to customer specification, with responsibility for the sourcing and purchase of raw materials for manufacture by third parties (predominately in South EastAsia). Generally finished goods were sold from the manufacturing facility to customers, on a Free On Board (‘FOB’) basis, with. the customer responsible for importing the goods,
Administrators' statement of proposals (2020-07-18) · Companies House register