DBS Europe Limited (10761492): administration
- Status
- Administration ended
- Administration began
- 2023-06-22
- Administrators' firm
- FRP Advisory
- Incorporated
- 2017-05-09
- Location
- Manchester
- Industry
- 46420 Wholesale of clothing and footwear
Why it went into administration
- Creditor pressure / legal action
- COVID-19
- Weak consumer demand
- Rising costs / inflation
- Brexit
- Cash flow / liquidity pressure
- HMRC / tax arrears
From the administrators' statement
The Group was established in 2013 and sells clothing through various retail, wholesale and e-commerce platforms.
The Group traded under a brand name “SikSilk” and employed 56 members of staff.
The brand/IP is held by Monkey IP, a separate entity, and the branded stock is subject to a Licence Agreement between Monkey IP and each DBS entity.
Administrators' statement of proposals (2023-07-06) · Companies House register