Craft Retail International Limited (09208171): administration
- Status
- Administration ended
- Administration began
- 2022-02-21
- Administrators
- Martin Charles Armstrong, Andrew Richard Bailey
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2014-09-08
- Location
- Sutton
- Industry
- 47910 Retail sale via mail order houses or via Internet
Why it went into administration
- COVID-19
- Supply chain disruption
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me by the director of the Company and not from my personal knowledge as Joint Administrator.
The Company was incorporated on 8 September 2014 and its business was that of a multi-channel home shopping provider.
The Company is a wholly-owned subsidiary of Ideal Shopping Direct Limited (“ISD”) and was incorporated for the purpose of penetrating the craft market in the United States of America, thereby expanding the group’s geographical markets. Its principal activity was the distance selling of crafting products through its website, “www.createandcraft.com”, and its TV shopping channel in the USA.
Administrators' statement of proposals (2022-04-19) · Companies House register