Mtuk 123 Limited (02875120): administration
- Status
- Administration ended
- Administration began
- 2014-11-03
- Administrators' firm
- Kroll
- Formerly
- M.A.Y. Trading (UK) Limited; Levelrise Limited
- Incorporated
- 1993-11-25
- Location
- London
- Industry
- 46420 Wholesale of clothing and footwear
Why it went into administration
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
- Management failings / irregularities
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
Statutory information on the Company and a summary of Its financial history is included at Appendix 1
The Company was incorporated in 1993 and specialised in designing, importing and distributing menswear fashion garments to both high street and online retailers in the UK
The Company sourced a large part of its stock from within the Group and the rest from factories in China, India and the UK
Administrators' statement of proposals (2015-01-08) · Companies House register