Fortius Trading Limited (07644775): administration
- Status
- Administration ended
- Administration began
- 2018-11-27
- Administrators
- Ben David Woodthorpe, Mark Supperstone
- Administrators' firm
- ReSolve
- Incorporated
- 2011-05-24
- Location
- London
- Industry
- 46760 Wholesale of other intermediate products
Why it went into administration
- Property / lease costs
- Weak consumer demand
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
PLL and FTL were incorporated in May 2010 and May 2011 respectively. PLL began trading in May 2010 from a leasehold property in Gateshouse Close, Aylesbury, Buckinghamshire as a textile, bric-a-brac and book recycling business.
PLL also traded from a nationwide network of manned C4C outlets acquiring textiles and bric-a-brac directly from customers. PLL then on sold textiles/bric-a-brac to wholesale customers in the UK and overseas in high volumes (by the tonne). FTL operated solely in the buying and selling of second hand books.
The Companies acquired miscellaneous books from charities and wholesalers by the tonne, sorting the same and then selling directly to customers via various e-commerce outlets including Amazon, eBay etc.
Administrators' statement of proposals (2018-12-21) · Companies House register