2Ndhnd Limited (09221176): administration
- Status
- Administration ended
- Administration began
- 2022-10-17
- Administrators
- Lee Anthony Green, Andrew Anderson Kelsall, Shona Joanne Campbell
- Administrators' firm
- Price Bailey
- Incorporated
- 2014-09-16
- Location
- Norwich
- Industry
- 70229 Management consultancy activities other than financial management
Why it went into administration
- Weak consumer demand
- Bad debts / customer insolvency
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of the proposals has been prepared based on information provided to the Joint Administrators by the Director of the Company and is not from the personal knowledge as Joint Administrators.
The Company was incorporated on 16 September 2014 by the sole Director Ross Dutton with support from Chris Humber, beneficial owner of Bureau Limited, 51% shareholder of the Company. It operated as a second-hand office furniture supplier. The Company had an environmentally friendly ethos by reconditioning used office furniture which would otherwise be destined for landfill. The Company bought second-hand office furniture from companies, mainly operating in financial services, that were moving or upgrading office facilities. The Company purchased used office furniture and would store it in one of 4 leasehold warehouses. Three warehouses were in South Ayrshire, Scotland and one in Essex, England. The Company would recondition the furniture, for example reupholstering chairs and replacing broken mechanisms. The reconditioned furniture was then sold “good as new” via the companies Ecommerce website 2ndhnd.com. The Company also fulfilled large furniture contacts for commercial office fit out companies. Chris Humber was not involved in the day to day running of the business in recent years.
A summary of the Company's recent financial position is shown overleaf. Statement of income and retained earnings
Administrators' statement of proposals (2022-12-18) · Companies House register