Bethany Retail Limited (06597341): administration
- Status
- Administration ended
- Administration began
- 2016-03-21
- Administrators
- Graham Stuart Wolloff, Liam Alexander Short
- Administrators' firm
- MHA
- Incorporated
- 2008-05-20
- Location
- Sileby
- Industry
- 47599 Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store
Why it went into administration
- Weak consumer demand
- Rising costs / inflation
- HMRC / tax arrears
- Creditor pressure / legal action
- Property / lease costs
From the administrators' statement
Bethany Reta! Limited (Company Number 06597341) was incorporated on 20 May 2008 and operated from leased premises at 28 Avenue Rd, Bournemouth BH2 5SL The Company was initially funded by a loan and financial support in respect of the part payment of rent due under the lease from the Appointor and by funds advanced by the company officers The Appointor obtained a fixed and floating charge debenture over the assets of the company in February 2009 in respect of monies advanced
BETHANY RETAIL LIMITED T/A BOCONCEPT (BOURNEMOUTH FRANCHISE) (IN ADMINISTRATION)
The initial trading period has been reported as positive, but in 2011, following the closure of a campetitor in the locality, footfall traffic declined and this combined with a recessionary economy, put the business under financial pressure
Administrators' statement of proposals (2016-06-03) · Companies House register