# VM Fabrics Limited (07271510)

> Why UK company 07271510 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07271510

- **Status:** Administration ended
- **Administration began:** 2022-02-15
- **Administrators' firm:** Moore Recovery
- **Incorporated:** 2010-06-02
- **Location:** Leicester
- **Industry:** 13200 Weaving of textiles

## Why it went into administration

- COVID-19
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure

## From the administrators' statement

2.1, The Company was incorporated on 2 June 2010, under the current name of VM Fabrics Limited and began trading immediately from 434-442 Thurmaston Boulevard, Leicester LE4 9LE. The principal activity of the Company was that of importers and wholesalers of fabrics to the fashion industry, supplying to businesses.

The Company was wholly owned by Vince McGee since its incorporation and Caroline McGee (Vince’s spouse) was introduced as a 50% shareholder in June 2011. Vince McGee decided to retire from the business and the Company was then bought by Winkadale Holdings Ltd in July 2019.

The shareholding in Winkadale Holdings Ltd is held by Salim Dadabhai and Zulekha Mitha. Salim Dadabhai was also appointed as a director on 13 July 2018 and Vince McGee resigned as a director on 9 August 2019, after the completion of the sale of the business to Winkadale Holdings Ltd. Salim Dadabhai sadly passed away suddenly on 27 July 2021, on which date his wife Zulekha Mitha was appointed as a director.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07271510/filing-history/MzMzNTU4ODI4NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07271510

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.