Roamers & Seekers Limited (09083804): administration
- Status
- Administration ended
- Administration began
- 2017-10-30
- Administrators
- Siann Huntley, Andrew Howard Beckingham
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2014-06-12
- Location
- Bristol
- Industry
- 46420 Wholesale of clothing and footwear
Why it went into administration
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
- Property / lease costs
- Brexit
From the administrators' statement
The concept for Roamers & Seekers (“R&S”) was created in early January 2014, as a menswear lifestyle brand. A capsule range was designed by Amanda Goss and a 5 year business plan with financial projections was prepared. This was presented to a Hong Kong (“HK”) based company, Global Trinity (Hong Kong) Limited (‘GTHK’) who agreed to provide investment in order to build the UK brand. On a monthly basis the Company prepared a budget which was sent to GTHK who then appraved it and provided working capital funding. The Company was incorporated on 12 June 2014 and work started on creating samples in HK factories. Some 6 months after the brand was registered in the UK, GTHK decided to trademark the brand worldwide.
The UK operation consisted of a small team of staff, headed up by Amanda Goss, being the sole director of the Company. Over a period of 6 months the team was built up and other freelance services were used to develop the brand, with a view of costs in mind. A shared office was opened in Bristol, again with a view to overheads, and the small team that would be needed to be based there.
Being a fashion design brand, it was 12 months (September 2015) untit the clothing was available in the market place. A sales person therefore went about visiting stores to pre-sale the range for 2015 and open up retail accounts.
Administrators' statement of proposals (2018-01-08) · Companies House register