# M.L. Electronics Limited (03020152)

> Why UK company 03020152 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03020152

- **Status:** Administration ended
- **Administration began:** 2017-01-12
- **Administrators:** Julie Anne Palmer, Gary Paul Shankland
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 1995-02-09
- **Location:** Southampton
- **Industry:** 74100 specialised design activities

## Why it went into administration

- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Brexit

## From the administrators' statement

The company was started in 1995 by Mike Lloyd (the ‘ML’ in ML Electronics) and his wife, and was run successfully as a lifestyle business The business developed many specialist power devices for its clients

The Company produces an average turnover of approximately £2 1m per annum and employed 19 members of staff

In order to allow the directors, Michael and Sharon Lloyd to retire from the business a management team were brought in to run it in November 2015

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03020152/filing-history/MzE2ODA0NTQ3MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03020152

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