KC Shopfit Limited (09949088): administration
- Status
- Administration ended
- Administration began
- 2018-03-02
- Incorporated
- 2016-01-13
- Location
- Leeds
- Industry
- 43290 Other construction installation
Why it went into administration
- Loss of a key customer, supplier or contract
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Creditor pressure / legal action
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The KC Shopfit Limited (“the Company”) was incorporated on the 1 February 2016 by Matthew Clayton (“the Director”) who was a director and shareholder. Ella Clayton joined the Company in December 2016 as a director and shareholder.
The Director had previously owned the business which traded as Kennedy Clayton Limited (“KCL”) for 18 years before he sold it in 2007 to Impellem Group PLC (“IG”). 1G traded for several years with little success. The Director bought the business back in 2016 and continued to operate from trading premises at 24 Bretton Street, Dewsbury, WF12 9BJ. The machinery and office equipment was included in the sale and the employees were transferred under TUPE. The number of employees had reduced from an original workforce of 80 employees down to 18 employees. The Director found that a lot of the skilled workforce had been lost within the Company and implemented a strategy to rebuild the team structure. A lot of the key clients had also been lost and the Director entered into negotiations with them to secure future sales.
The strategy for the Company was to emulate the success of KCL which had posted profits for each year of trading. In the final year trading KCL posted profits of £506k before tax.
Administrators' statement of proposals (2018-04-13) · Companies House register