Fishing Republic PLC (09196822): administration
- Status
- Administration ended
- Administration began
- 2018-12-20
- Administrators
- Andrew Poxon, Katy Mcandrew
- Administrators' firm
- Leonard Curtis
- Formerly
- Fishing Republic Limited
- Incorporated
- 2014-08-30
- Location
- Manchester
- Industry
- 47640 Retail sale of sports goods, fishing gear, camping goods, boats and bicycles
Why it went into administration
- Creditor pressure / legal action
- Sustained trading losses
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Parent or group failure
From the administrators' statement
3.1 The Company was incorporated on 30 August 2014 and traded alongside Fishing Republic Retail Limited (‘Retail’) and Fishing Republic Trading Limited (“Trading”).
3.2 Fishing Republic plc (“PLC”) is part of a group of companies comprising Fishing Republic Trading Limited (‘Trading’) and Fishing Republic Retail Limited (“Retail") (‘the Group’).
3.3 The Group’s business was originally established in 1985 in Rotherham as (‘Stephen Gross Flies’) which specialised in the tying of flies and making of fly tying materials for fishing tackle wholesalers. In its first three years of trading the business generated over £100,000 or revenue (in aggregate). In 1988, the business moved into rented premises in Mexborough, Rotherham and in 1991 the business was incorporated as Lure flash Products Limited. it was renamed as Lure flash Intemational Limited in 1997 and in the same year began to source its own branded products from the Far East.
Administrators' statement of proposals (2019-02-25) · Companies House register