Po-Zu Limited (09558583): administration
- Status
- Administration ended
- Administration began
- 2021-03-19
- Administrators
- Julie Anne Palmer, Andrew Hook
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2015-04-23
- Location
- Salisbury
- Industry
- 47721 Retail sale of footwear in specialised stores
Why it went into administration
- COVID-19
- Supply chain disruption
- Property / lease costs
- Sustained trading losses
From the administrators' statement
The brand “Po-Zu’” was originally established in 2006 by Steven Segal who had previously designed and created shoes for mainstream brands over the previous 10 years. However, having identified a niche market for ethically made, vegan products, Mr Segal commenced trading the business, which focused on designing, manufacturing and selling ethical vegan footwear from his home address in London.
Initially, the business developed two products which were manufactured in Glastonbury but the range quickly expanded to include a more extensive product line.
The business focussed on developing and using innovative, sustainable fibres such as Pifatex (a textile made from pineapple leaf fibre), organic cotton, cork and, more recently, of apple skin which is a vegan leather alternative created from the apple juice industry’s natural by-products.
Administrators' statement of proposals (2021-05-04) · Companies House register