New Gray Limited (11815602): administration
- Status
- Administration ended
- Administration began
- 2020-03-25
- Administrators
- Steven Muncaster, Stephen Gerard Clancy
- Administrators' firm
- Kroll
- Incorporated
- 2019-02-08
- Location
- Manchester
- Industry
- 47190 Other retail sale in non-specialised stores
Why it went into administration
- Creditor pressure / legal action
- Weak consumer demand
- Property / lease costs
From the administrators' statement
The Company was incorporated on 8 February 2019 and was used as a special purpose vehicle to purchase the business and assets on a going concern basis of Treds LLP (In Administration) from the Administrators PWC.
The ‘Treds’ brand was a well-known local brand in the South coast operating in the retail sector since 998 and this was incorporated in the purchase from the former company. The brand was previously used and operated under Treds Limited.
The Company main trading activity was a footwear, clothing and accessory retailer from various locations mainly in the south of the UK and online.
Administrators' statement of proposals (2020-05-27) · Companies House register