Kiss Cards Limited (07568060): administration
- Status
- Administration ended
- Administration began
- 2012-08-06
- Administrators' firm
- Licensed Insolvency Practitioner of Dains
- Incorporated
- 2011-03-17
- Location
- Birmingham
- Industry
- 47190 Other retail sale in non-specialised stores
Why it went into administration
- Cash flow / liquidity pressure
- Property / lease costs
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Competition / price pressure
From the administrators' statement
KCL was incorporated on 17 March 2011 and commenced trading on 1 August 20114, following its acquisition of the assets of Paperbox Stores Limited ("PBSL”) KCL was engaged tn the sale of greeting cards and associated gifts
As at the date of my appointment, head office was operated from premises at 14 Wilstead Industrial Park, Kenneth Way, Wilstead, Bedfordshire, MK45 3PD There were a further sixty retail outlets located throughout the UK, all of which were retail premises, occupied under short term lease agreements
Following the tssue of a debenture creating fixed and floating charges over KCL’s assets, funds were introduced by the director, Mr SJ Lawson The amount outstanding to Mr Lawson as at the date of my appointment was £50,000 Details of the security and amount outstanding have been requested tn order that the validity of the security may be reviewed
Administrators' statement of proposals (2012-09-18) · Companies House register