# Monarch Holdings Limited (01165001)

> Why UK company 01165001 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01165001

- **Status:** Administration ended
- **Administration began:** 2017-10-02
- **Administrators:** Blair Carnegie Nimmo, James Robert Tucker
- **Administrators' firm:** KPMG
- **Formerly:** Monarch Holdings PLC; Cosmos Tours (U.K.) Limited
- **Incorporated:** 1974-03-29
- **Location:** London
- **Industry:** 51101 Scheduled passenger air transport

## Why it went into administration

- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Competition / price pressure

## From the administrators' statement

The Group is owned by a majority shareholder: PJL, via WJL, and a minority shareholder: the PPF. The Group’s business activities centred around three core divisions: the airlines division, the holidays division and the aircraft engineering division.

Monarch Airlines offered scheduled flights to tour operators, travel agents and direct to consumers. It had operated in the UK for 49 years and offered over 7.5 million seats per annumon scheduled flights.

The holidays division sold accommodation and flights through travel agents or direct to consumers as package holidays or as component parts. Operating in the UK for 57 years, it handled approximately 400,000 passengers per annum.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01165001/filing-history/MzE5MjA3MjgyMWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01165001

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.