TF Trading Limited (SC253500): administration
- Status
- Administration ended
- Administration began
- 2013-03-28
- Administrators
- James Bernard Stephen, David J Hill
- Administrators' firm
- BDO
- Incorporated
- 2003-07-29
- Location
- Glasgow
- Industry
- 47710 Retail sale of clothing in specialised stores
From the administrators' statement
> The company was incorporated on 29 July 2003. The Company operated from the head office in Fort William and operated as an outdoor clothes retailer. The Company forms part of the Top Fashion Group which also includes “Natural Born Retailers Limited”, “The Country Outlet Limited” and “Top Fashion (A Firm)”. The Company traded from several units in Scottand which were owned by “Top Fashion (A Firm)”. It also provided employees and stock to other group companies. Due to the recession and general downturn in retail sales the Company’s trading performance had been deteriorating for a number of years. The Company’s secured creditor Royal Bank of Scotland Plc conducted a financial review of the business and following agreement with the director the bank took steps to protect their interest by appointing Joint Administrators.
> On 28 March 2013, James Bernard Stephen and David J Hill, both of BDO LLP, were appointed Joint Administrators. The appointment being made by Royal Bank of Scotland Plc in terms of Paragraph 14 of Schedule Bt of the Insolvency Act 1986.
> Pursuant to $100(2) of Schedule B1 of the Insolvency Act 1986 any one Joint Administrator may exercise all and/or any of the powers which are conferred on them as Joint Administrators.
Administrators' statement of proposals (2013-05-22) · Companies House register