Uggbugg Fashion Ltd (08918157): administration
- Status
- Administration ended
- Administration began
- 2025-07-28
- Incorporated
- 2014-03-03
- Location
- Manchester
- Industry
- 47510 Retail sale of textiles in specialised stores
From the administrators' statement
Despite previous positive trading performance, the Company's turnover decreased significantly from £12.5m to £5.5m in the 15-month period ended April 2024 when compared to the previous 15-month period to January 2023. In addition, the Company recorded a loss of £876k in the period to April 2024, a significant increase from a loss of £338k in the period to January 2023.
The trading performance continued to deteriorate and in the ten-month period ended 28 February 2025, the Company incurred a further estimated loss of over £1m.
The founders consequently raised concerns as to the future viability of the business to the Secured Creditor as the representative of the Shareholder.
Administrators' statement of proposals (2025-09-25) · Companies House register