Merch (Trade) Limited (10041586): administration
- Status
- Administration ended
- Administration began
- 2018-11-13
- Administrators
- Neil Charles Money
- Administrators' firm
- Cba Business Solutions
- Incorporated
- 2016-03-03
- Location
- Leicester
- Industry
- 46420 Wholesale of clothing and footwear
Why it went into administration
- Credit insurance / supplier credit withdrawn
- Sustained trading losses
- Cash flow / liquidity pressure
From the administrators' statement
Please note that the following trading background has been provided by the Director of the Company.
Merch (Trade) Limited (“Merch”) was incorporated in Match 2016 and started trading immediately. The core focus of business was on the design and outsourcing of t-shirts, sweatshirts and hoodies for the fashion / fast fashion world. Merch operated from a small design and operational office in Leicester employing a small team of designers and merchandisers. As well as working on generic market designs, the Company also benefited from hcences held by the Director in the world of music which enabled them to supply bespoke designs for licensed music merchandise such as ACDC, Rolling Stones, Bowie as well as the likes of Coca Cola.
Merch quickly built a strong reputation with UK retailers and wholesale customers for bespoke quality designs, fast sampling of products and an ability to turnaround production from a combination of local third-party suppliers as well as larger runs being supplied from the import market. The Company had a strong ability to outsource cut and sew of garments and then produce screen printed / digitally printed garments. In addition, the Company also worked with third-party suppliers of blanks for producing products. Merch supplied an associated business, Merch Retail Limited (“Merch Retail”) with garments for its retail stores. Despite early positive signs of success in this market area, Merch Retail suffered in the same way as a significant number of other high street retailers and ceased to trade owing a significant outstanding balance to Merch which is nonrecoverable.
Administrators' statement of proposals (2019-02-11) · Companies House register