# Mtuk 123 Limited (02875120)

> Why UK company 02875120 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02875120

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02875120/filing-history/MzExNDk5OTU4OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02875120

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