# Beaver Corporate Clothing Limited (06492940)

> Why UK company 06492940 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06492940

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06492940/filing-history/MzA0MTgxOTU3MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06492940

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.