Time Wholesale Ltd (10560091): administration
- Status
- Administration ended
- Administration began
- 2019-07-17
- Administrators
- Mike Dillon, Andrew Poxon
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2017-01-12
- Location
- Manchester
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Creditor pressure / legal action
- Pension deficit
- Cash flow / liquidity pressure
- Property / lease costs
From the administrators' statement
The Company was incorporated on 12 January 2017 and commenced to trade on 25 May 2017 following the purchase of the business and assets of Time Retail Limited (“TRL”) on 25 May 2017. TRL entered into Administration on 25 May 2017, following the appointment of the Administrators a pre-packaged sale of TRL’s business and assets to the Company was completed.
The Company traded online and from the four leasehold premises in Lancashire detailed above, one of these premises was the Company's Registered Office at 109-111 Blackburn Road, Accrington, Lancashire BBS 1JJ. The principal trading activity of the Company was as a mens clothing retailer.
3.3
Administrators' statement of proposals (2019-09-07) · Companies House register