Magnetic Therapy Ltd (02802597): administration
- Status
- Administration ended
- Administration began
- 2014-11-10
- Administrators
- James Bernard Stephen, David J Hill
- Administrators' firm
- BDO
- Formerly
- Magentic Therapy Ltd; Advanced Psychology Limited
- Incorporated
- 1993-03-23
- Location
- Newcastle upon Tyne
- Industry
- 46900 Non-specialised wholesale trade
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Sustained trading losses
- Parent or group failure
From the administrators' statement
2.1. The company was incorporated on 23 March 1993. The Company traded as an online retailer via a web site www.magneticstyle co uk. The fulfilment of the internet orders was undertaken by PPF Shipping Limited, a company within the Phytoscience Group The Group structure ts as follows:
Phytoscience Ltd
Phytoscience Magnetic PPF Shipping Li
Administrators' statement of proposals (2015-01-07) · Companies House register