Somerset-based distributor Factory Agencies Ltd, the former UK importer of Nexx Helmets, NZI Helmets, Forma Boots, Macna Clothing, Bagster accessories, and Five gloves, began voluntary liquidation proceedings on 9 August under the ownership of co-directors Nigel Davis and David Westerman.
The company, established in March 2011, had recently suffered multiple setbacks, with the loss of two of its best-known brands. Nexx Helmets moved its UK distribution early this year, moving to well-known Hampshire-based wholesaler Motohaus Powersports (BDN February), and the Macna Clothing brand recently moved to COVEC Distribution in Southampton. (BDN June)
Kirks, an insolvency practitioner based in Exeter, Devon, is overseeing the liquidation process. According to recent filings at Companies House, Factory Agencies has a total outstanding preferential creditor debt of £182,675.06.
BDN’s attempts to reach the directors for comment failed with the company’s communication disconnected, including phone lines, website, email addresses, and social media profiles.