CAMEO CUPCAKES LTD T/AS CAKE DECOR (in CVL) - Appointment of Liquidator
Lucinda Matkin of LM Insolvency and Advisory Ltd was appointed Liquidator of Cameo Cupcakes Ltd on 29 January 2019. (Company Registered Number: 08113327).
Cameo Cupcakes Ltd also traded under the name Cake Decor. Cameo Cupcakes Ltd traded as a cake decorating supplies shop and cake bakery (Cameo Cupcakes) based in Indoor Market of the Intu Centre, in Derby City Centre.
The company ceased trading prior to liquidation, and all staff have been made redundant.
The directors said "sorry to say that after over 20 years on Derby's Eagle Market we have had to close the shop. We would like to thank our lovely customers for your support over the years but unfortunately due to competition from large supermarkets and the internet it was no longer viable."
The stock and equipment will be available for sale through auction.
If you are a creditor, supplier, customer or other stakeholder of the Company and require further information or are interested in purchasing the business and/or assets contact LM Insolvency and Advisory Ltd on Tel: 07972928153 or email firstname.lastname@example.org
THEBUSINESSDESK.COM - ‘Positive outcome’ for creditors of collapsed fireplace company
2016. She has realised all company assets including the sale company’s Nottingham showroom at Arkwright Street Nottingham (the former Queens Hotel) for £353,500, and “substantial” amounts of stock sold through auctioneers John Pye & Sons.
This has enabled the secured creditors to be paid in full receiving a dividend distribution of more than £260,000.
Matkin has also confirmed that all preferential creditors will be paid in full.
She said: “We are pleased to have realised company assets totalling more than £400,000 to enable a positive outcome for secured that have received a dividend of 100p in Pound and preferential creditors that will also receive the same.
“The dividend prospects for unsecured creditors will be reviewed following the distribution to preferential creditors.”
See the article at TheBusinessDesk.com here>
THEBUSINESSDESK.COM - Fireplace company extinguished as jobs are axed
The Derby Fireplace Company suffered from a shift in market preferences towards online retail, resulting in a fail in sales of a number of years, she says.
Matkin added that the Company had considered a CVA (Company Voluntary Arrangement) process, and making cost savings by condensing the business down to one showroom, by closing its Nottingham showroom.
The Company also tried the introduction of interest free credit and the launch of a new Company website) in an attempt to increase sales; however these initiatives failed to generate enough sales to sustain the business long term, and the directors of the company chose a CVL (Company Voluntary Liquidation) instead.
Matkin said: “The Derby Fireplace Company has been a well know family run business for over 30 years, which many will know from seeing the showroom just off the A52 at the Wyvern, Derby.
“All 11 staff have been made redundant, and the company has ceased trading. All stock including log burners, fires, fire surrounds and home accessories will be available for sale via auction through our agents, John Pye & Sons.
“The Company’s Nottingham showroom at Arkwright Street, Nottingham is also available for sale, and any interested parties should contact me in the first instance.”
See the article at The Business Desk here>
Licensed Insolvency Practitioner.