# DES Beds Furniture Direct Limited (07901286)

> Why UK company 07901286 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07901286

- **Status:** Administration ended
- **Administration began:** 2013-05-23
- **Administrators' firm:** Smart Insolvency Solutions
- **Incorporated:** 2012-01-09
- **Location:** Worcester
- **Industry:** 47599 Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store

## Why it went into administration

- Sustained trading losses

## From the administrators' statement

The Company was formed in January 2012, following on from a sole trader business that had been operated for several years by Desmond Bate The company retails bedding, sofas and other associated furniture and furnishings

The Company operated from 3 stores, one in Barnsley, Leeds and Castleford, although the Leeds store was only opened this year, in an effort to boost sales and profitability Unfortunately, there was a significant downturn in business during the last year and it would appear the Company has made a significant loss

These losses put pressure on cash flow and after considenng the difficult trading conditions in this retail sector and the persisting difficulties in the economy, the director could see no way of trading out of this financial situation. Thought was originally given to a Company Voluntary Arrangement but the director decided that the Company would not be sufficently profitable, going forward, to make significant contributions towards the creditors’ debt. As a result, the director, having taken professional advice, decided to place the company into Administration.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07901286/filing-history/MzA3OTk2Mzk5NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07901286

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