Nomoreretail Limited (07142719): administration
- Status
- Administration ended
- Administration began
- 2022-03-18
- Administrators' firm
- Interpath Advisory
- Formerly
- Deramores Retail Limited
- Incorporated
- 2010-02-02
- Location
- Sutton
- Industry
- 47910 Retail sale via mail order houses or via Internet
Why it went into administration
- COVID-19
- Sustained trading losses
- Supply chain disruption
- Competition / price pressure
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me by the director of the Company and not from my personal knowledge as Joint Administrator.
The Company was incorporated on 2 February 2010 and its business was that a knitting and crochet retailer selling to customers through television home shopping channels and the internet. It is understood that the Company was one of the first online yarn retailers in the UK.
The Company traded profitably in its early years and on 25 May 2012, it was acquired by ISD, which was itself a retail business involved in distance selling through TV channels and the interest. The Company was a subsidiary to ISD going forward.
Administrators' statement of proposals (2022-05-13) · Companies House register