Mortons Club Limited (02003210): administration and why it failed

Mortons Club Limited (02003210): administration

Status: Administration ended
Administration began: 2020-01-31
Administrators: Nicholas John Edwards, Graham Paul Bushby
Administrators' firm: RSM
Formerly: Mortons Limited; Neutroace Limited
Incorporated: 1986-03-24
Location: Milton Keynes
Industry: 68209 Other letting and operating of own or leased real estate

Why it went into administration

Creditor pressure / legal action
Sustained trading losses
HMRC / tax arrears
Cash flow / liquidity pressure

From the administrators' statement

Relevant extracts from the Company's audited financial statements and management accounts are

RSM UK

Profit and Joss account for the period to 31

Administrators' statement of proposals (2020-03-30) · Companies House register

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Mortons Club Limited (02003210): administration

Why it went into administration

From the administrators' statement

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Mortons Club Limited (02003210)