Summit 1977 Limited (14402947): administration
- Status
- In administration
- Administration began
- 2025-07-10
- Administrators
- Neil Frank Vinnicombe, Huw Powell
- Administrators' firm
- Begbies Traynor
- Formerly
- Trowbridge Limited
- Incorporated
- 2022-10-06
- Location
- Cardiff
- Industry
- 46650 Wholesale of office furniture
Why it went into administration
- Property / lease costs
- COVID-19
- Loss of a key customer, supplier or contract
- Rising costs / inflation
- Cash flow / liquidity pressure
- HMRC / tax arrears
From the administrators' statement
The Company was incorporated as Trowbridge Limited on 6 October 2022, later changing its name to Summit 1977 Limited on 2 November 2022. The Company was established by David Simpson to take on the trade of Summit Chairs Limited (“Summit Chairs”), which was established in 1977 by Tom Simpson and Peter Ford.
David Simpson became a director of Summit Chairs in 1986 and arranged the business transfer in preparation for a joint venture commencing with a major customer, Workstories Ltd. Despite its strong reputation, Summit Chairs had not made a trading profit since year end as it faced challenges as a result of the market generally and more recently the coronavirus pandemic. Nevertheless, it still enjoyed a healthy balance sheet following years of successful historic trading and the Company acquired the net trading assets of Summit Chairs amounting to £238,381 on 31 March 2023.
The Company’s nature of business was that of manufacturing commercial furniture, with a reputation for quality design and service making a wide range of office furniture from tubular-framed and swivel chairs to the modular sofas and meeting booths. The Company traded from leased premises at Aintree Avenue, Trowbridge, owned by Summit Chairs, and operated multiple vehicles delivering products throughout the UK. More recently, the Company employed up to 54 staff in six teams - office, fabrication, sewing, assembly, upholstery and preparation.
Administrators' statement of proposals (2025-07-23) · Companies House register