Bliss Outdoor Limited (06647299): administration
- Status
- Administration ended
- Administration began
- 2016-06-01
- Administrators
- Jonathan James Beard, John Walters
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2008-07-15
- Location
- Brighton
- Industry
- 47640 Retail sale of sports goods, fishing gear, camping goods, boats and bicycles
Why it went into administration
- Competition / price pressure
- Weather / natural events
- COVID-19
- Supply chain disruption
- Creditor pressure / legal action
From the administrators' statement
Director's Statement of Company History
Edge & Wax was started by the director as a hobby in December 2007 He serviced friend’s and local skter’s equipment at weekends, and sold a small amount of product online It grew so quickly that he used it as a test business He attended all business link courses, put together a business plan securing bank finance, and started Bliss Outdoor Limited fa Edge & Wax in July 2008 The pnneipal activity of the company was the selling and maintenance of winter sports equipment
The director and his wife provided funding to the business in excess of £100k He gave personal guarantees to the bank to secure the required loans to set up the business, and to two other lenders The Company had a £15,000 overdraft for its entire trading life and the director provided a personal guarantee in this respect
Administrators' statement of proposals (2016-08-07) · Companies House register