MAY Holiday Realisations One Limited (02931213): administration
- Status
- Administration ended
- Administration began
- 2013-05-08
- Formerly
- Imrg Limited
- Incorporated
- 1994-05-20
- Location
- Salisbury
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
From the administrators' statement
MHR2 was incorporated in January 2010 as a non-trading company holding 100% of the issued share capital of MHR1
MHR1 was incorporated in May 1994 as a membership organisation to the e-commerce sector, with 1,100 members and associate members, lately trading from serviced offices in Covent Garden
Due to the economic downtum, MHR1 was subyect to increasing financial pressure, but was unable to agree additional borrowing facilities with their bankers The Director of MHR1 sought external funding to no avail and was not able to advanced further monies himself
Administrators' statement of proposals (2013-11-05) · Companies House register