Tuvw6789 Limited (06831567): administration
- Status
- Administration ended
- Administration began
- 2020-10-05
- Administrators
- Simon Matthew Gwinnutt, Sajid Sattar
- Administrators' firm
- Greenfield Recovery
- Formerly
- Apparel Group Limited
- Incorporated
- 2009-02-27
- Location
- Birmingham
- Industry
- 14120 Manufacture of workwear
Why it went into administration
- COVID-19
- Supply chain disruption
- Brexit
From the administrators' statement
The Company was incorporated on 27 February 2009, as a supplier of workwear. The Company operated latterly from premises at Unit 2, Crown Industrial Estate, Anglesey Road, Burton-upon-Trent, Staffordshire, DE14 3NX. The trading premises were leased by the Company.
Appare! Group was set up in 2009, to develop the direct importing of stock for associated companies at the time. It quickly established a reliable number of supply sources, predominantly in China, whereby it was able to purchase manufactured workwear and accessories for the UK markets, within which it was trading. The hospitality sector proved to be the growing opportunity, alongside the healthcare markets and emergency services sector. By the middle of 2010, the business had established a credible platform of imported supply chain alongside the home market wholesalers, which enabled it to grow to a healthy trading level by circa 2017. It soon became apparent that gross margins were being squeezed and costs were generally increasing. The Brexit referendum had a profound impact on the vaiue of Sterling and, as such, margins were significantly hit. These inevitable constraints worsened at a great pace leading up to and with the advent of the global pandemic in early 2020; as such the business, regrettably, quickly became an unviable proposition as it was unable to trade and the future was far from certain. Given the economy and the trading markets have continued to demonstrate, with …
The Company had effectively ceased trading on 31 July 2020 and the Company's remaining employees were transferred to another company after that date.
Administrators' statement of proposals (2020-12-03) · Companies House register