DB3 (Bolton) Ltd (07606418): administration
- Status
- Administration ended
- Administration began
- 2013-08-27
- Administrators
- Gordon Craig
- Administrators' firm
- Refresh Recovery
- Incorporated
- 2011-04-15
- Location
- Skelmersdale
- Industry
- 47710 Retail sale of clothing in specialised stores
Why it went into administration
- Weak consumer demand
- Competition / price pressure
From the administrators' statement
important Note_ The information contained in this section has been provided by the Director of the Company and no verification work has been undertaken by the Administrator.
The Company was incorporated on the 15 April 2011 and commenced trading on the 24 June 2011 as a fashion retailer for both men’s and ladies fashion clothing and accessories The business operated from leasehold premises based at 27 The Market Place, Bolton, Lancashire BL1 2AL which Is based within Bolton Market Place shopping Mall Mr Alan Tattersall, who had over forty years of experience within the retail industry, was appointed as sole Director and shareholder of the Company
The assets used by the Company were purchased personally by the Director from the Administrator of D B Shops Limited t(a DB3 (a company previously controlled by the Director) which had been placed into Administration on 23 June 2041 The consideration for the assets was £20,000 plus VAT, additional funds were also invested personally by the Director and his wife to cover the business set up costs Due to the previous insolvency many suppliers had insisted on payment in advance or on a proforma basis, the Director and hts wife therefore advanced funds to enable the Company to purchase stock
Administrators' statement of proposals (2013-09-25) · Companies House register