Streetwear label Supremebeing has ceased to trade as liquidators pursue a sale of its assets.
The company went into voluntary liquidation and appointed liquidators Trevor John Binyon and Steven John Parker, both of Opus Restructuring, on January 29.
Drapers understands the business hit problems with cashflow and a number of offers have been received for its assets.
According to documents filed at Companies House, the business owes £531,668 to non-preferential creditors.
In its last available accounts, the business had assets worth £925,857 for the year to December 31 2014 and owed creditors £697,333, leaving it with net assets of £228,524.
Supremebeing was founded in Cambridge in 1999 and sells clothing, footwear and accessories for men and women. It was stocked at retailers including Asos, Urban Outfitters and John Lewis, and sold through its own website.
The company opened a store in London’s Carnaby in July last year, which has since closed.