Leather To Love Forever Limited (07110128): administration
- Status
- Administration ended
- Administration began
- 2022-11-24
- Administrators
- Edward Avery-Gee, Daniel Mark Richardson
- Administrators' firm
- CG&Co
- Formerly
- NSA Gear Limited
- Incorporated
- 2009-12-21
- Location
- Manchester
- Industry
- 47710 Retail sale of clothing in specialised stores
Why it went into administration
- COVID-19
- Property / lease costs
- Sustained trading losses
- Brexit
- Weather / natural events
From the administrators' statement
Leather to Love Forever Ltd (the Company) was incorporated on 21 December 2009 as NSA Gear Ltd and remained a dormant Company until June 2013 when the name of the Company was changed to its present name and it commenced trading from premises at Unit 9, The Foundry, Ordsall Lane, Salford M5 3LW. The sole Director and Shareholder is Mr Nathan Alexander.
Mr Aiexander’s dream was to make the best leather jackets in the World at reasonable prices as well as bringing the leather jacket style more into the 21% century, as he considered the range of leather jackets available in the market to be outdated. To achieve this Mr Alexander began to market his designs through social media, influencers and celebrity social media.
Whilst trading was generally quiet annually through March to October the Company's busiest times were in November/December when the weather was colder and Christmas approaching so sales would increase dramatically, and business was very profitable. In January/February the Company would have various sales of their items at reduced prices. Occasionally the Company would undertake a summer sale. The Company initially would sell over £3Million worth of goods per annum with £1 Million worth of sales going into Europe. in addition, the Company would undertake “Pop Up” stores across the World to sell goods into new markets.
Administrators' statement of proposals (2022-12-09) · Companies House register