# ML2020 Ltd (03854474)

> Why UK company 03854474 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03854474

- **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- Funding withdrawn / unable to refinance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:

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03854474/filing-history/MzI4MjYzNDA3NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03854474

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