019 Sweater Shop Limited (07917805): administration
- Status
- Administration ended
- Administration began
- 2012-12-31
- Administrators
- Paul Anthony Saxton
- Administrators' firm
- Lee Business Advisory
- Incorporated
- 2012-01-20
- Location
- Northampton
Why it went into administration
- Property / lease costs
From the administrators' statement
019 Sweater Shop Limited was incorporated on 20 January 2012 to acquire part of the business and assets of Seamless Technics Limited, who traded as knitwear manufacturers from leasehold premises at Unit 5, 25 Pmfold Road, Thurmaston, Leicester LE4 8AS The agreement was dated 8 February 2012, with consideration of £958,014 provided by BCD Limited and secured by way of a debenture over the business and assets acquired The Company became a wholly owned subsidiary of BCD Limited
Seamless had opened a ‘pop-up’ shop in Peterborough over the Christmas 2011 period that closed in January 2012 The Company intended to further develop the retail side of the business and decided to open a flagship store based at The Meadowhall Centre in Sheffield
A five year lease was signed on 28 March 2012 with an initial rent free period The Company incurred costs in excess of £300,000 on refurbishment and fit-out prior to opening in June 2012 In addition, a retail outlet was opened at 6-8 St Martins Square, Leicester and at Unit 34 The Grafton Centre, Cambridge in November 2012
Administrators' statement of proposals (2013-02-28) · Companies House register