{"name":"TWINMAR LIMITED","company_number":"00763926","status":"Liquidation","type":"Private Limited Company","incorporated":"1963-06-11","dissolved":null,"registered_office":"DEVONSHIRE HOUSE, MANOR WAY, BOREHAMWOOD, HERTFORDSHIRE, WD6 1QQ","postcode":"WD6 1QQ","sic_codes":[{"code":47721,"description":"Retail sale of footwear in specialised stores"}],"principal_activity":null,"previous_names":[],"warnings":["This company is in liquidation."],"accounts":{"category":"FULL","year_end":"30 June","last_made_up_to":"2018-06-30","next_due":"2020-06-30"},"employees":null,"financials":[{"financial_date":"2018-06-30","net_assets":14401750,"cash":1351262},{"financial_date":"2017-06-24","net_assets":14983944,"cash":693235}],"officers":{"current":1,"resigned":4,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":1,"outstanding":1},"gazette_notices":[{"date":"2020-06-25","kind":"insolvency"},{"date":"2020-06-25","kind":"insolvency"},{"date":"2020-06-25","kind":"insolvency"},{"date":"2020-06-16","kind":"insolvency"}],"insolvency_outcome":null,"ai_summary":"Twinmar Limited's transition from a traditional footwear retailer to a multichannel operator was derailed by a fatal cost structure where distribution expenses eclipsed gross margins, compounded by a hostile UK retail climate. The extraction of over £11M in dividends in 2017 critically weakened the balance sheet's ability to absorb the subsequent £1M operating loss and the capital requirements of the digital pivot. Consequently, the company has entered liquidation, turning what was intended as a strategic transformation into a case study of the perils of under-capitalized pivots in a high-cost macro environment.","website":null,"links":{"page":"https://www.companiesintheuk.co.uk/ltd/twinmar","people":"https://www.companiesintheuk.co.uk/company/twinmar/people","filing_history":"https://www.companiesintheuk.co.uk/company/twinmar/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/00763926","financials":"https://www.companiesintheuk.co.uk/company/twinmar/financial","gazette":"https://www.companiesintheuk.co.uk/company/twinmar/gazette","control":"https://www.companiesintheuk.co.uk/company/twinmar/control","charges":"https://www.companiesintheuk.co.uk/company/twinmar/charges","pay_gap":"https://www.companiesintheuk.co.uk/company/twinmar/pay-gap","ai_analysis":"https://www.companiesintheuk.co.uk/company/twinmar/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/twinmar"}