Right Price Furniture Ltd (06958865): administration
- Status
- Administration ended
- Administration began
- 2012-12-14
- Incorporated
- 2009-07-10
- Location
- Salisbury
- Industry
- 47599 Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store
Why it went into administration
- Creditor pressure / legal action
- Property / lease costs
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 10 July 2009 with the intention of securing the trading name of "Right Price Furniture Limited"
Trading commenced in August 2011 following the purchase of assets and goodwill from Homewood Interiors Limited (a company which was at that time i liquidation) The Company operated in the furniture retail dustry and traded as "Homewood Interiors" The purchase of the assets and goodwill from the liquidators of Right Price Furniture Limited for £25,000 was funded by short term loans from the directors and shareholders
At the date of incorporation the director and sole shareholder was David Hewitt however following the commencement of trading the shareholding changed so that at the date of administration 1t was now as set out below
Administrators' statement of proposals (2013-02-25) · Companies House register