Thu, 17 Apr 2014 | ADMINISTRATION
Kitchen retailer 24-Seven Kitchen & Granite Solutions Ltd has buckled under the pressure of its creditors’ increasing demands and entered administration.
Joint administrators Chris White and Gareth Rusling of The P&A Partnership were brought in on 7 April, leading the director and two staff to be rendered redundant and the business closed down.
The South Yorkshire business was founded in 2003 and had a showroom on Doncaster Road in Kirk Sandall, Doncaster. It offered bespoke kitchens, bathrooms and bedrooms, as well as granite worktops and surfaces, making its products from its factory shop.
The administrators confirmed that all paid up customer orders have been fulfilled leaving none out of pocket by the closure.
Trading as 24-Seven BBC, the business’s customers extended to Rotherham, Leeds, Harrogate, Thorne, Sheffield, Barnsley and Lincoln, among other areas in Yorkshire.
“24-Seven Kitchen & Granite Solutions has enjoyed more than a decade of success but has recently experienced cash flow problems and has been forced to cease trading,” joint administrator Mr White said.
“The owners made the difficult decision to put the business into administration because they were facing increasing pressure from creditors.
“It’s a sad end to a popular Doncaster business, but we are pleased to say that, as far as we are aware, no customers will lose out as a result.”
_______________________________________________________________________
Related information:
Contact the administrators
Winding-up petitions list - often a precursor to administration
Bring to the market this leasehold specialist car sales and servicing facility located in Horncastle, Lincolnshire. The trade was established as a limited company in 2005.
LEASEHOLD
The company is an online vehicle purchasing platform, providing a fast, hassle-free car-selling service for the end user. A competitor to the likes of webuyanycar.com and Motorway, the company is a well-established online vehicle purchasing platform...
Bringing to the market this denim and casual wear retailer, boating a user friendly comprehensive online presence.
22
|
Nov
|
Redsquid going national after new funding and acquisition | BUSINESS SALE
IT managed service provider (MSP) Redsquid is going national...
21
|
Nov
|
Omega Plastics in management buy-out | MBO/MBI
Gateshead-based plastics group Omega Plastics Group has unde...
21
|
Nov
|
Antrim-based Texthelp buys EdTech peer Scholarcy | BUSINESS SALE
Texthelp Group, an Antrim-based Edtech has bought peer Schol...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.