Party Pieces Holdings Limited (12191766): administration
- Status
- Administration ended
- Administration began
- 2023-05-18
- Administrators
- Christopher Robert Pole, William James Wright
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2019-09-05
- Location
- London
- Industry
- 47910 Retail sale via mail order houses or via Internet
Why it went into administration
- COVID-19
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Weak consumer demand
- Loss of key people
From the administrators' statement
The underlying business began in 1987 when Carole Middleton started to help parents create imaginative parties. The business grew to curate a broad range of celebration products. The Company was incorporated on 5 September 2019 and a new management team was put in place. Carole Middleton remained as brand ambassador.
The Company had three statutory directors and five shareholders, with Carole Middleton and Michael Middleton holding a majority share.
The Company had 12 employees immediately prior to the Administration, and traded from a leasehold site in Ashampstead, Berkshire.
Administrators' statement of proposals (2023-06-06) · Companies House register