KMA Republic Limited (08348410): administration
- Status
- Administration ended
- Administration began
- 2015-04-07
- Administrators
- Carl Derek Faulds, James Richard Tickell
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2013-01-07
- Location
- Fareham
- Industry
- 47910 Retail sale via mail order houses or via Internet
Why it went into administration
- Supply chain disruption
- Creditor pressure / legal action
From the administrators' statement
KMA Republic Limited (KMA) was incorporated in January 2013 by Jason Graham as a marketing and e-commerce consultancy Mr Graham is the sole shareholder holding the only share of the company since incorporation Mr Graham had many years of experience in sourcing furniture, interior and graphic design together with a marketing and e-commerce background, The company began trading with the intention of providing assistance with online branding and sales.
Interior Addict Limited (IAL) was a furniture retailer that the company had been assisting on a consultancy basis, Jason’s partner was the sole director of [AL In 2013, KMA was given ownership of the UK, Swiss and Norwegian websites of IAL in return for the contribution that it had made to the development of the Interior Addict brand and subsequent market growth
Due to financial difficulties being experienced by IAL, KMA acquired stock and assets from IAL KMA was also required to complete the outstanding orders which were anticipated by the director to be in excess of £1m, as well as deal with many returns
Administrators' statement of proposals (2015-06-08) · Companies House register