MGL Realisations Limited (00655253): administration
- Status
- Administration ended
- Administration began
- 2012-09-07
- Administrators
- Julie Anne Palmer, Sally Richards
- Administrators' firm
- Begbies Traynor
- Formerly
- Mostyn Group Limited; Mostyn (Poole) Limited
- Incorporated
- 1960-04-04
- Location
- Salisbury
- Industry
- 70100 Activities of head offices
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 4 April 1960 and traded with its subsidiary, Most Realisations Limited (formerly Mostyns Limited) (“ML”), from its head office in Chnstchurch The Company held the freehold properties and ML was the trading entity
The business manufactures curtains from leasehold premises in Christchurch It retatls curtains, cushions and other homeware products from 37 outlets, these are a mixture of freehold, leasehold and concessions
The Company owns 100% of the shares in ML
Administrators' statement of proposals (2012-10-19) · Companies House register