Designer Fabric Store Limited (08025240): administration
- Status
- Administration ended
- Administration began
- 2018-09-07
- Administrators' firm
- F A Simms & Partners
- Incorporated
- 2012-04-11
- Location
- Claybrooke Parva
- Industry
- 47510 Retail sale of textiles in specialised stores
Why it went into administration
- Property / lease costs
- Sustained trading losses
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Competition / price pressure
- Funding withdrawn / unable to refinance
From the administrators' statement
Designer Fabric Store Limited (hereafter referred to as “the Company’) was incorporated on 11 April 2012 as a retailer of textiles, operating from leased premises at Unit 1, Hucknall Lane, Bulwell, Nottingham NG6 8AJ, and began trading effective immediately following the purchase of the business and assets from the Joint Administrators of a connected company, as detailed below.
Prior to the incorporation of the Company the director, Mr Richard Glover, was a director of Fabricstoreuk.com Limited, company number 06446418. That company was placed into Administration on 2 May 2012 and I, together with Richard Frank Simms, were appointed as Joint Administrators.
A sale of the business and assets of Fabricstoreuk.com Limited to the Company was undertaken immediately upon the appointment of the Joint Administrators (being 2 May 2012), through a ‘pre-pack’ sale.
Administrators' statement of proposals (2019-02-13) · Companies House register