LRL1 Limited (08652119): administration
- Status
- Administration ended
- Administration began
- 2018-05-16
- Administrators
- Nicola Elaine Layland, Michael Robert Fortune
- Administrators' firm
- Lawson Robb Associates
- Formerly
- Lawson Robb London Limited
- Incorporated
- 2013-08-15
- Location
- Whiteley Fareham
- Industry
- 74100 specialised design activities
Why it went into administration
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Bad debts / customer insolvency
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Management failings / irregularities
- Brexit
From the administrators' statement
1.1 The company operated as an interior architecture and design house, trading from leasehold premises in Chelsea, London for high net worth clients. At the date of administration the company had ten employees, including the directors.
1.1.1 The business originally commenced trading in 2003 through the company Lawson Robb Associates Limited (“Associates}). in 2013 Associates sold its brand and Intellectual Property to Lawson Robb Lifestyle Solutions Limited (“Lifestyle”). Its tangible assets were sold to the company, with the employees also transferring under TUPE.
1.1.2 The company has been the trading business since 2013, a licence fee was charged by Lifestyle for the use of the IP and brand.
Administrators' statement of proposals (2018-06-07) · Companies House register