Bedworld Factory Shop Limited (11674910): administration
- Status
- Administration ended
- Administration began
- 2024-07-10
- Administrators' firm
- Opus Restructuring
- Incorporated
- 2018-11-13
- Location
- Milton Keynes
- Industry
- 47599 Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store
Why it went into administration
- COVID-19
- Creditor pressure / legal action
- Sustained trading losses
- Weak consumer demand
- Funding withdrawn / unable to refinance
From the administrators' statement
By January 2024, the Company began receiving statutory demands and bailiff letters in respect of outstanding debts.
Ultimately, the director attributes the Company's failure to a combination of pandemic lockdowns, the cost of living crisis which left consumers unable and unwilling to spend, and a lack of governmental support during those challenging times.
Due to the loss making position of several trading sites, the decision was made to close the following locations:
Administrators' statement of proposals (2024-07-25) · Companies House register