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A Suit That Fits trading division goes bust

DW Clothing Limited, the trading division of tailoring business A Suit That Fits, has fallen into liquidation, leaving debts of more than £2m.

Daniel Warwick, director of DW Clothing, blamed the collapse on a weak retail environment, Brexit-related import price rises and an earthquake in Nepal, where the company manufactures its clothing, according to The Times.

Unsecured creditors are said to be owed more than £2m, a sum which includes an “intercompany” debt to DKSG Bespoke. DKSG Bespoke was behind a crowdfunding campaign for the business, raising almost £1.5m, most of which was injected into A Suit That Fits, according to Warwick.

A Suit That Fits is currently still trading under a new company run by Warwick – Tailored Franchises.

The business was originally founded in 2006, but collapsed into administration in 2013, before its assets were sold to DW Clothing.

Readers' comments (12)

  • Good research.

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  • This company are now trading using the assets of the previous company with was a basket case ( and in liquidation ) without paying a penny.
    Serious questions need to be asked.
    All the crowdfunder investors have lost their money.

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  • Anyone who gets involved with crowdfunding will almost certainly never get their money back. This venture was never going to work, even by derisory crowdfunding standards.

    Maybe their crowdfunding marketing should have been 'A Business that Goes Bust'.

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  • Two months ago, they were crowdfunding " to go global"
    How can you crowdfund knowing that you are insolvent?
    How many times can this company go bust before it actually ceases to exist?
    I expect their " Investor Relations Manager " is a bit busy at the moment.
    None of the people involved will ever work again, their names are mud.

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  • 3 rounds of crowdfunding in 3 years , yet they STILL go bust.
    Largest ever crowdfunding failure.
    An absolute scandal, much yet to come out; must be the worst-managed company , EVER.
    A laughing stock in the trade, however they have done untold damage to the industry, plus all the many stakeholders.

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  • This outfit had, as a trainer ( of tailors ) someone with no tailoring experience at all.

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  • The big question appears to be; Why was Tailored Franchises Ltd set up last year? Impossible not to conclude that this situation was forseen then, and an escape avenue planned, which begs the question- why go through with the lastest crowdfund?
    How come all the pitches accounts differred?
    Serious stuff

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  • Trail of devastation left

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  • At least ASUITTHATFITS have set the following records, and should be in the Guiness Book of Records for

    1 Biggest Crowding failure in history
    2. Company which goes bust every year but goes on trading merrily away;
    3. Highest labour turnover in history
    4. Worst reviews on Trustpilot
    5. Most attempts to make a suit for a single customer without success
    6. Most delusional management in history.
    Nobody will ever beat their record.

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  • " And what was your last Company ? "
    " I worked for Asuitthatfits ! "

    " This interview is over ! " " Security!!!! "

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