Betterware Limited (07962214): administration
- Status
- Administration ended
- Administration began
- 2018-04-13
- Administrators
- Claire Elizabeth Dowson, Gareth David Rusling
- Administrators' firm
- Begbies Traynor
- Formerly
- Stanley House Products Limited
- Incorporated
- 2012-02-23
- Location
- Sheffield
- Industry
- 47990 Other retail sale not in stores, stalls or markets
Why it went into administration
- Creditor pressure / legal action
- HMRC / tax arrears
- Property / lease costs
- Bad debts / customer insolvency
- Weather / natural events
From the administrators' statement
The Company was founded in 1928 and was subsequently incorporated in February 2012.
Trading as a retailer of homeware products from leased premises in Birmingham, the Betterware name is well known for selling to customers in their homes via catalogues and a distribution network.
In 2012 the Company entered into Receivership. After various management changes and restructures the business was sold to the incumbent management in October 2015.
Administrators' statement of proposals (2018-06-12) · Companies House register