Rosemex Trading Limited (07921016): administration
- Status
- Administration ended
- Administration began
- 2014-03-11
- Administrators' firm
- Katz of David Rubin & Partners
- Incorporated
- 2012-01-24
- Location
- Borehamwood
- Industry
- 47710 Retail sale of clothing in specialised stores
Why it went into administration
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
From the administrators' statement
A number of the directors are active investors in private companies (the “Investor Directors”) and in mid-2011 became aware of an opportunity to acquire Rowland’s Clothing Limited, a business that had been established in 1983 and specialised tn selling clothing through a catalogue and retail outlets to senior women over the age of 65 However, during their discussions with the owners of the company, it became evident that the company was not doing as well as had initially appeared to be the case The Investor Directors spent some time working with the company to try to help rescue it but this proved not to be possible, and the company entered into Administration in February 2012
The Investor Directors established Rosemex Trading Limited (the “Company”) to purchase the assets and goodwill of Rowlands Clothing Limited from the Administrator for £345,000 in February 2012 The funding for the purchase by Rosemex was provided by the investor Directors together with a small number of other private investors (together the “Investors”)
ROSEMEX TRADING LIMITED TIA ROWLANDS & PENNY PLAIN - IN ADMINISTRATION
Administrators' statement of proposals (2014-05-19) · Companies House register