HMC Health & Beauty Limited (03883690): administration
- Status
- Administration ended
- Administration began
- 2016-05-04
- Administrators
- Robert Alexander Henry Maxwell, Julian Pitts
- Administrators' firm
- Begbies Traynor
- Formerly
- HMC Limited; Highland Manufacturing Co. Limited
- Incorporated
- 1999-11-25
- Location
- Leeds
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Competition / price pressure
- Sustained trading losses
- Credit insurance / supplier credit withdrawn
From the administrators' statement
Following the acquisition of Nichol Beauty Products by the Robert McBride Group, a number of the Nichol Beauty Products management team decided to start a new business, manufactunng health and beauty products They formed HMC Health & Beauty Limited (“the Company”) in 2000
initial working capital was funded through share capital, shareholder and other loans
The Company grew steadily and successfully and in 2002 moved to ¢s current 42,000 sq ft facility based in Thetford Norfolk The Company gradually increased its skills and capabilties, developing from a solely contract manufacturing operation to a full service facility This enabled them to supply a broad spectrum of product categories from providing innovative concept ideas through to trend analysis, packaging sourcing, formulation development, manufacture and delivery of finished goods to brand owners and retail outlets
Administrators' statement of proposals (2016-05-26) · Companies House register