Arranged Musical Options Ltd (03818887): administration
- Status
- Administration ended
- Administration began
- 2022-05-27
- Administrators' firm
- Azets
- Incorporated
- 1999-08-03
- Location
- London
- Industry
- 47591 Retail sale of musical instruments and scores
Why it went into administration
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
Arranged Musical Options Ltd (“the Company”) was incorporated on 3 August 1999 and operated as a retailer of musical instruments and equipment. The Company operated from leased offices at Bank Chambers, Manchester and traded from leasehold premises comprised of a retail unit and warehouse in Didsbury, Manchester, which is owned by the Company.
The Company was comprised of an online retail business and an education division which supplied and repaired musical instruments and equipment to educational establishments in the UK and overseas and traded as Alan Gregory Music & Musical Instruments.
Bz Commercial Finance Designated Activity Company (“Breal”) holds a fixed and floating charge over the Company’s assets in respect of funding via a term loan and an invoice discounting facility in relation to sales from the Company’s education division. The initial charge was created on 19 May 2020 and registered at Companies House on 27 May 2020.
Administrators' statement of proposals (2022-06-08) · Companies House register