# Pricecrop Limited (06691934)

> Why UK company 06691934 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06691934

- **Status:** Administration ended
- **Administration began:** 2014-03-13
- **Administrators:** David Nicholas Clark
- **Administrators' firm:** Clark Business Recovery
- **Incorporated:** 2008-09-09
- **Location:** Leeds
- **Industry:** 47190 Other retail sale in non-specialised stores

## Why it went into administration

- Property / lease costs
- Sustained trading losses
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure

## From the administrators' statement

Pricecrop Limited (the ‘Company’) was incorporated on 09 September 2008 to facilitate a management buyout of the business formerly operated by Price Pounder Limited The Company operated as retailers and traded under the trading styles Pricepounder and X Chainstore from premises at Unit 3 Wharfedale Road, Euroway Trading Estate, Bradford, BD4 6SG along with 3 separate stores located at 29-30 Sandside, Scarborough, YO11 1PG, 11-12 Sandside, Scarborough, YO11 1PE and 5-7 Sandside, Scarborough, YO11 41PG

Statutory information concerning the Company ts attached at Appendix A

Following the management buyout the Company initially made profits but following a difficult trading period and internal disagreements resulting in the finance director resigning in January 2011 the Company was in need of a large cash injection to finance new stock and provide working capital

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06691934/filing-history/MzA5OTg1MjYxOGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06691934

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