TIC Trading Limited (06344975): administration
- Status
- In administration
- Administration began
- 2023-07-18
- Administrators
- Steven Phillip Ross, Allan David Kelly
- Administrators' firm
- FRP Advisory
- Formerly
- Ticwatches Limited
- Incorporated
- 2007-08-16
- Location
- Gosforth
- Industry
- 47910 Retail sale via mail order houses or via Internet
From the administrators' statement
The Company was incorporated on 16 August 2007 under company registration 06344975. Prior to the appointment of administrators, the registered office address was 54 Bondgate, Darlington, DL3 73J (‘54 Bondgate”) and traded from 19 Post House Wynd, Darlington, DL3 7LP ("19 PHW”). The Company employed 3 people prior to the appointment of administrators. The Director is Daniel Richmond. The shareholders are Daniel Richmond and Dale Gillespie.
The Company operated as a watch and bed retailer both online and in-store out of both 54 Bondgate and 19 PHW.
The Company has been subject to an investigation and ongoing action by both Trading Standards and the Police in relation to the alleged sale of counterfeit watches. As part of this investigation, the Company assets were seized by the Police. As a result of the Company stock being seized, cashflow and profitability diminished resulting in the Director approaching FRP for advice in relation to the Company’s financial position.
Administrators' statement of proposals (2023-09-15) · Companies House register