The Duvet & Pillow Company Manufacturing Ltd (06522537): administration
- Status
- Administration ended
- Administration began
- 2014-04-14
- Administrators
- Christopher Ratten, Jeremy Nigel Ian Woodside
- Administrators' firm
- Baker Tilly Business Services
- Incorporated
- 2008-03-04
- Location
- Manchester
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Loss of a key customer, supplier or contract
- Property / lease costs
From the administrators' statement
The Company was incorporated on 4 March 2008, however it remained dormant until it purchased the trade and certain assets of The Duvet & Pillow Company Ltd-In Administration (Co number 04252468) on 8 July 2011 Following which, the Company traded as a duvet and
pillow manufacturer and supplier A summary of the Company’s recent trading performance is shown below
Management Management Unaudited Accounts Accounts Accounts To 31 To 31 August To 31 August January 2014 2013 2012 Trading Profit and Loss account Turnover 646,203 1,830,982 3,163,851 Cost of Sales (530,372) (1,440,389) (2,206,131) Gross Profit 115,831 390,593 957,720 Distribution Costs (11,558) (58,232) (88,863) Administration Expenses (139,997) (395,169) (750,391) Other Operating Income - - 75,430 Operating profit/(loss) (35,725) (62,808) 193,896 Interest payable and similar charges (3,205) (8,420) ___ (26,264) Profit/(loss) before tax (38,930) (71,228) 167,632 Tax on profit/(loss) - - (34,120) Net profit/(loss) after tax (38,930) (71,228) 133,512 Balance Sheet Tangible Assets 28,338 18,187 25,713 Current Assets Stock 227,959 298,750 228,590 Debtors 449,671 225,675 432,185 Cash at bank 16,554 19,503 18,205 694,184 543,928 678,980 Creditors (Due within 1 year) (751,524) (571,682) (580,609) Net Current Assets/(Ltabilities) (57,341) (27,754) 98,371 Total Assets less current liabilities (29,003) (9,567) 124,084 Creditors (Due after more than 1 year) - - (6,546) Net Liabilities 29,003 9,567 117,538 Capital & Reserves Called-up equity share capital 4 Profit and Loss Account 117,537
Administrators' statement of proposals (2014-06-11) · Companies House register