South East Workwear Limited (06756483): administration
- Status
- Administration ended
- Administration began
- 2022-03-10
- Administrators' firm
- Moorfields
- Incorporated
- 2008-11-24
- Location
- London
- Industry
- 47710 Retail sale of clothing in specialised stores
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
A signed engagement letter was received from the Director of the Company on 15 February 2022. The options considered with the Directors, the marketing process and the discussions with major creditors are detailed in the SIP 16 Statement at Appendix XIl.
Attached at Appendix Il is an account of the work undertaken prior to the Joint Administrators’ appointment and the costs associated with that work.
There was insufficient working capital and no prospect of persuading new or further funding to allow medium-term trading to continue in order that the business and assets 2.4
Administrators' statement of proposals (2022-04-21) · Companies House register