Clement Browne Limited (07184480): administration
- Status
- Administration ended
- Administration began
- 2021-05-28
- Administrators
- Martin Charles Armstrong, Andrew Richard Bailey
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2010-03-10
- Location
- Sutton
- Industry
- 47510 Retail sale of textiles in specialised stores
Why it went into administration
- COVID-19
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Sustained trading losses
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 directors of the Company and not from my personal knowledge as Administrator.
The Company traded as a business-to-consumer only model and specialised in the supply and fitting of window shutters.
In 2012 the Company agreed to offer a survey, supply and installation service for John Lewis Partnership (“JLP”), which commenced with four stores and grew within the JLP estate to thirty-six locations across the UK in 2016. These stores all stocked “Clement Browne” branded shutters in stores and, at this time, the JLP business made up circa 40% of the Company’s total sales.
Administrators' statement of proposals (2021-07-24) · Companies House register