VIE Cosmetics (Purchasing) Limited (04177408): administration
- Status
- Administration ended
- Administration began
- 2011-07-29
- Formerly
- Virgin VIE At Home (Purchasing) Limited; The Virgin Cosmetics (Purchasing) Company Limited; Notsallow 141 Limited
- Incorporated
- 2001-03-12
- Location
- Fareham
- Industry
- 5145
Why it went into administration
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
At the date of appointment, Vie Cosmetics (Purchasing) Limited (VCP) was one of a group that handled the Vie at Home business VCP managed the purchasing and stockhoiding operation, procuring stock from suppliers, holding it in warehouse facilities and delivering it to customers who had contracted with another group company
Virgin Vie At Home was originally launched by Virgin in 1996 as a party plan operation with ultimately around 10,000 consultants hosting parties to sell cosmetics and skincare products direct to their friends and family, as well as operating a number of high street retail outlets VCP was incorporated in March 2001, initially to manage the operation outside the UK
In 2009, there was a management buy-out from Virgin and two onginal directors of the Virgin operation, Rosalind Simmons and Ratankumar Daryani, took sole contro! of the group They also became the two directors of VCP
Administrators' statement of proposals (2011-09-26) · Companies House register