Partridge Trading Limited (07391603): administration
- Status
- Administration ended
- Administration began
- 2012-07-27
- Administrators
- Andrew D Haslam, Gerald Maurice Krasner
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2010-09-29
- Location
- Newcastle upon Tyne
- Industry
- 5116
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The Company operated as a supplier and retailer of clothes under the ‘John Partridge’ brand Stock was designed for the Company and manufactured by several suppliers before being purchased by the Company and then held tn its storage facility in the North East of England, from where tt was supplied to a number of High Street stores and outlets In addition, the Company also operated its own website and catalogue selling direct to the public
The Company was funded by an investment group that included Alexander Holliday, however, the business was managed on a day to day basis by the appointed Directors, Mr Oliver, Mr Reay and Mr Newbold The Directors had full trading control with Mr Holltday acting as a pure investor and not involved within the day to day management of the business
However, in mid 2012, Mr Holliday became concemed with several decisions taken by the Board of Directors and was concerned about the current financial performance As such, he undertook a review of the business making several suggestions that he hoped would assist the business going forward However, a dispute arose between Mr Holliday and the Board of Directors, which lead to the entire Board of Directors being suspended and eventuatly dismissed, with Mr Holliday and Mr lan Brown being appointed as Directors
Administrators' statement of proposals (2012-09-28) · Companies House register