Steve Ellis and David Kelly of PricewaterhouseCoopers LLP were appointed joint administrators of The Supercover Group Ltd ('Supercover') on 6 March 2009. Supercover's independent sister company Cosatto (Sales) Ltd, will continue to trade and is not in Administration.
Supercover, which is based in Bolton, is a distributor of baby accessory products to trade and retail customers.
The company was placed into administration following particularly difficult trading conditions and has ceased trading with immediate effect. Supercover employees have been made redundant by the Administrators.
David Kelly, joint administrator at PricewaterhouseCoopers LLP said:
"It is very sad that Supercover has become the latest victim of the economic downturn, suffering from difficult trading conditions for a number of months now.
We will work with the management team of Cosatto to limit the impact of the failure of Supercover on them provided that it benefits the creditors of Supercover which we believe it will".
Any queries regarding Supercover or the administration should be directed to the administrators' staff:
PricewaterhouseCoopers LLP, Benson House, 33 Wellington Street, Leeds, LS1 4JP
Tel: 0113 289 4840
Fax: 0113 289 4580
Email: tia.elkington@uk.pwc.com
David J Kelly and Stephen A Ellis have been appointed as joint administrators of The Supercover Group Limited (in administration) on 6 March 2009 to manage its affairs, business and property as its agents without personal liability. Both are licensed to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales.