Something Crafty Ltd (08092547): administration
- Status
- Administration ended
- Administration began
- 2023-05-09
- Administrators
- Matthew Russell, Gareth James Lewis
- Administrators' firm
- BPI Asset Advisory
- Incorporated
- 2012-06-01
- Location
- Westgate
- Industry
- 47910 Retail sale via mail order houses or via Internet
Why it went into administration
- Weak consumer demand
- Creditor pressure / legal action
- Cyber attack / IT failure
From the administrators' statement
The Company was incorporated and commenced trading as Something Crafty Ltd (“the Company”) on 1 June 2012. On incorporation, the directors were Paul Donnelly and Denise Donnelly.
The Company specialised in retail and mail order sale of beads and craft supplies both in stores and through their website. Customer engagement and sales rose rapidly during the period of Covid 19 lockdowns. During that time the Directors obtained a Bounce Back Loan to assist with the trade and navigate the challenges arising during the pandemic.
Sales slowed down with the end of Covid lockdowns.
Administrators' statement of proposals (2023-07-05) · Companies House register