- The business suffered a significant decline in sales in 2021 due to the industry experiencing fluctuating restrictions to manage the impact of the Covid pandemic. After funding a marketing campaign that was unsuccessful at the end of 2022, the liabilities and ongoing operating costs of the business became unaffordable. The directors sought help from The Business Debt Advisor.
- A sale of the business and its assets was successfully completed in the Liquidation which has resulted in maximising realisations for the creditors of the company. The directors were able to demonstrate that by ceasing trading and taking steps to liquidate the company they had achieved the best outcome possible for the company’s creditors in the circumstances.
Beauty Salon Supplier (Liquidation)
The company began trading in July 2010. The business manufactured and supplied beauty products to salons.
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