Coggles Limited (06302767): administration
- Status
- Administration ended
- Administration began
- 2013-05-07
- Administrators' firm
- Begbies Traynor
- Formerly
- Coggles.Com Limited; Harrowell Shaftoe (No. 145) Limited
- Incorporated
- 2007-07-05
- Location
- York
- Industry
- 47710 Retail sale of clothing in specialised stores
Why it went into administration
- Over-expansion / investment not recovered
- Cash flow / liquidity pressure
From the administrators' statement
Coggles Limited (‘the Company’) was incorporated during 2007, however, remained dormant until 1 December 2010 when the Company acquired the business and assets of the ‘Sarah Coggles’ partnership which had been trading since the mid 1970’s, operating as an independent fashion retailer
Latterly trading under the name ‘Coggles’, the business had grown to become an online retailer whilst also operating from 3 boutique stores in York city centre, selling men’s and woman’s designer clothing, shoes and accessories
The incorporation of the business in 2010 coincided with the launch of a marketing drive and targeted international expansion of the business after the Pentland Group, a global brand management business, acquired a shareholding in the Company (via a private equity firm known as Manchester Square Enterprises Limited ((MSEW’)) as part of a multimillion pound investment
Administrators' statement of proposals (2013-07-08) · Companies House register