Footprint Promotional Products Limited (08894480): administration
- Status
- Administration ended
- Administration began
- 2018-03-01
- Administrators
- David Hill, Huw Powell
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2014-02-13
- Location
- Cardiff
- Industry
- 46420 Wholesale of clothing and footwear
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 13 February 2014 and traded as a wholesaler and retailer of clothing. Its main business being the sole UK distributor for Legea Italy. The Company also supplied school uniforms and other clothing.
The distribution agreement was initially held by Legea UK Limited (“Legea UK") a company incorporated in 2006 by L A Newman and A Horder. The Director had his own business, Sign and Graphics, and became involved with Newman and Horder when he obtained a major T Shirt contract and formed Footprint Merchandise Limited in 2011 with all three as directors.
However, Newman was imprisoned in 2013/14 and Horder and Sutton attempted to obtain his agreement to resign but with no success. As a result all trading activities including stock, debtors and creditors were transferred into the Company in May 2016.
Administrators' statement of proposals (2018-04-25) · Companies House register