Jenny Loyd Limited (07118492): administration
- Status
- Administration ended
- Administration began
- 2016-02-18
- Administrators
- Christoper Kenneth Williams, Andrew Mctear
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2010-01-07
- Location
- Norwich
- Industry
- 47710 Retail sale of clothing in specialised stores
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
Jenny Loyd Limited was incorporated on 7 January 2010 as a retailer of clothing in specialised stores Based in Blackburn the Company purchased the majority of tts clothing stock from a local textile manufacturer for approximately £5 per garment The Company consigned its stock to 20 factory outlets across the UK which sold the garments at around £12-£15 each The factory outlets kept 35% of the sale price of stock sold as commission and the remaining 65% was paid to the Company
The accounts for the first year of trading show the Company made a small profit of £1,871 Over the next four years profits steadily increased and in 2015 the Company made a profit of £155,631
Neither | nor my firm has had any connection with the Company or tts director and shareholder prior to appointment
Administrators' statement of proposals (2016-04-12) · Companies House register