Redlands Distribution Limited (11389730): administration
- Status
- Administration ended
- Administration began
- 2023-06-06
- Administrators
- Peter Richard James Frost, Nicholas Stafford
- Incorporated
- 2018-05-30
- Location
- Cheltenham
- Industry
- 46190 Agents involved in the sale of a variety of goods
Why it went into administration
- COVID-19
- Rising costs / inflation
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of our proposals has been prepared based on information publicly available and provided to us by the Director of the Company and not from our personal knowledge as Joint Administrators.
The Company was a leading international toy and clothing distributor and franchise operator within the UK and Ireland. Major brand partners included FAO Schwarz, Sharper Image, Discovery and Zippy. The business was operated by its sole Director, Mark Handley who has substantial experience at senior executive level in the international toy industry.
The Company had a main supplier for toy stock (“the main supplier’), and is based in Hong Kong. The Company was retained by the mina supplier by way of a distribution agreement for the UK and Ireland. The Company’s stock was stored at a forwarding warehouse and picked by the warehouse when orders were received and required to be shipped.
Administrators' statement of proposals (2023-08-21) · Companies House register