ML2020 Ltd (03854474): administration
- Status
- Administration ended
- Administration began
- 2020-10-16
- Administrators
- Christopher Robert Pole, Sarah Elizabeth Collins
- Administrators' firm
- KPMG
- Formerly
- Mountune Limited; Revolve Technologies Limited; Roush Technologies Limited
- Incorporated
- 1999-10-07
- Location
- London
- Industry
- 71129 Other engineering activities
Why it went into administration
- COVID-19
- Funding withdrawn / unable to refinance
- Sustained trading losses
From the administrators' statement
Mountune Limited was incorporated in 1980, and its principal activity was selling aftermarket performance parts as well as race engines to teams globally. They supported the British Touring Car Championship as well as the European & British Rallycross Championships. Additionally, they were the sole engine supplier for both the RX2 Championship and the British Formula Three Championship.
The Company employed a total of 32 staff at the date of our appointment.
The Company's immediate parent is Nitec Limited, which is itself owned by Revolve Performance Limited. There are also US entities within the Group as set out below:
Administrators' statement of proposals (2020-11-23) · Companies House register