Rapid Discount Outlet Limited (08467363): administration
- Status
- Administration ended
- Administration began
- 2017-05-08
- Administrators
- Sarah Helen Bell, Phillip Francis Duffy
- Administrators' firm
- Kroll
- Incorporated
- 2013-04-02
- Location
- Manchester
- Industry
- 47190 Other retail sale in non-specialised stores
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
- Weak consumer demand
- Property / lease costs
From the administrators' statement
Statutory information on the Company and a summary of its financial history is included at Appendix 1.
At the Appointment Date, the Company's head office and trading address was at the leasehold premises at the George Henry Lee Building. Williamson Square, Liverpool, 11 1EA. The Company also operated from a leasehold warehouse at Bankhall Lane, Bootle, Liverpool. L20 8EW.
Trading under the Rapid brand originally commenced in 1971 as a smal! hardware store from premises on Renshaw Street, Liverpool.
Administrators' statement of proposals (2017-07-07) · Companies House register