Ipswich clothes company folds
IPSWICH: A company which designed and supplied clothes, including past Ipswich Town kits, has collapsed after hitting financial problems.
ASD (Europe) Ltd, based in Ipswich’s Princes Street, which has now ceased trading, is thought to have employed less than 20 staff and is set to be wound up.
A meeting of creditors is due to take place on October 13 after its directors decided to take steps to put it into voluntary liquidation.
The firm was set up in 1997 and designed and supplied men’s, women’s and children’s clothing and accessories,including performance sportwear and corporate clothing.
According to its website, its customers included blue chip companies such as key global sports brands. It also supplied high street retailers.
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It helped design and manage the manufacturing of Ipswich Town Football Club’s Punch-branded kit over five years to 2006, when it lost the contract to Mitre.
By 2002, when it was designing an away kit for Ipswich Town, it had already produced kits and training gear for England and the Republic of Ireland.
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Prospective liquidator Steven Law, who is based in the Ipswich office of chartered accountants Ensors, will preside at the creditors’ meeting. He confirmed that steps were being taken to wind down the company’s affairs. The firm’s management has so far declined to comment on the decision.
The meeting of creditors is set to take place at 10.30am at Cardinal House, St Nicholas Street, Ipswich, where there will be a vote to appoint liquidators. A liquidation committee of between three and five creditors may also be formed.