Fleur De LIS Manufacturing Limited (06953083): administration
- Status
- Administration ended
- Administration began
- 2011-09-27
- Administrators
- Steven Phillip Ross, Ian William Kings
- Administrators' firm
- RSM
- Formerly
- Fleur De LIS (UK) Limited; Crossco (1163) Limited
- Incorporated
- 2009-07-06
- Location
- Sunderland
- Industry
- 1740
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Sustained trading losses
- Weather / natural events
From the administrators' statement
The Company commenced trading on 6 July 2009 following the acquisition of the business and assets from an Administrator The Company operated from a leasehold factory at Longbenton Newcastle, manufacturing premium soft furnishings for retail trade, from major store groups and multiples to special individual retailers for distribution throughout the UK and Ireland
Turnover was lower than initially anticipated due to a general downturn in retail trade, as a result of the recession The Directors were optimistic that trade would increase from November 2010 to January 2011 as historic results had proven Winter/Christmas to be the Company’s busiest period
In November 2010 the UK suffered a protonged period of adverse weather conditions which had a detrimental! effect on the Company’s business and cash flow requirements It proved difficult to process orders during this time and a number of customers had cancelled orders as they were unable to accept deliveries due to the weather In an attempt to trade through this difficult period and ease cash flow the Company agreed a repayment plan with HM Revenue & Customs for mounting crown debt arrears and hoped that cancelled orders would be replaced in the new year
Administrators' statement of proposals (2011-11-22) · Companies House register