Beaver Corporate Clothing Limited (06492940): administration
- Status
- Administration ended
- Administration began
- 2011-06-08
- Administrators
- Alan John Clark
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2008-02-04
- Location
- Ilford
- Industry
- 1821
From the administrators' statement
The company purchased the business of Jeancharm Limited ( In administration) in February 2008 The price paid was £34,000. The company also took over the contracts of employees on a TUPE basis The company manufactured and designed clothing and accessories for the corporate market, leisurewear and safety wear market
Originally the funding for the purchase and working capital requirements were provided by intercompany loans from Zell-Em Group Limited of £104,000 and an overdraft facility of £175,000 The overdraft facility was guaranteed by the other group companies
Despite the efforts of the directors and the hoped for benefits of cross selling between group members, the company failed to trade profitably and continued to incur losses During June 2011 the other group companies decided not to continue providing working capital to the company
Administrators' statement of proposals (2011-08-09) · Companies House register