CAV Sleep Limited (12207736): administration
- Status
- In administration
- Administration began
- 2026-01-20
- Administrators
- Paul Matthew Kings, Lynn Marshall
- Administrators' firm
- KRE Corporate Recovery
- Incorporated
- 2019-09-16
- Location
- Gateshead
- Industry
- 47599 Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store
Why it went into administration
- Weak consumer demand
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of the proposals has been prepared based on information provided by the Board of Directors ("the Board") CVA of the Company and not from our personal knowledge as Administrators.
The Company began trading in 2019 following a staff takeover from a previous insolvency. The Company traded as a retail store for furniture and bedding. The main store was in Newcastle, with two other stores in Westerhope and Sunderland. The Company also had an online presence and operated a delivery service for goods sold. The Company had strong relationships with many of the largest bed suppliers and had showrooms at all three sites, with Newcastle being the largest. The Company operated with 8 staff, reducing to 6 at cessation.
The Company was immediately hit by the COVID-19 pandemic and took out a bounce back loan to assist with cashflow as many of the walk in purchases reduced during this period. The Company has always traded with limited success but the move to more online selling, coupled with competitor shops, reduced profitability over the years.
Administrators' statement of proposals (2026-04-30) · Companies House register