Ricli Limited (08160071): administration
- Status
- Administration ended
- Administration began
- 2013-01-14
- Administrators
- Jeremy Nicholas Bleazard
- Administrators' firm
- Kroll
- Incorporated
- 2012-07-27
- Location
- Cleckheaton
Why it went into administration
- Creditor pressure / legal action
- Property / lease costs
From the administrators' statement
The Company was formed and incorporated on the 27 July 2012 as a Special Purchase Vehicle to acquire the assets of Ashlock Limited in Administration (“Ashlock”), primarily the trading premises, stock and fixtures and fittings The only director and 100% shareholder of the Company was Michael John Basso
Having acquired the assets of Ashlock, from the Administrators a recovery plan for the stores was to be developed and as a result, the management team from Liric Limited (an associated company), was asked to assist with this task which included the recovery of the Ethel Austin trading brand It was felt that a combined strategy with both companies amalgamating at some future point provided the best trading future for the group of stores
Liric Limited’s management team moved into the Company's head office and warehousing facility in Altrngham Systems were then developed to harmonise the Company's and Liric Limited's software and operational practices However, It became clear that the
Administrators' statement of proposals (2013-03-12) · Companies House register