Magnum Brands Limited (04540647): administration
- Status
- Administration ended
- Administration began
- 2022-01-25
- Administrators
- Nicholas Holloway, Richard John Harrison
- Administrators' firm
- Interpath Advisory
- Formerly
- Thumbs UP (UK) Limited; Sunmit Enterprise Limited
- Incorporated
- 2002-09-20
- Location
- London
- Industry
- 46900 Non-specialised wholesale trade
Why it went into administration
- COVID-19
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated, as a dormant entity, on 20 September 2002 under the name ‘Sunmit Enterprise Limited’. On 24 May 2004 the Company was renamed ‘Thumbs Up (UK) Limited’. On 1 August 2020 it was renamed again, to its current name ‘Magnum Brands Limited’.
The Company’s statutory directors are Sundip Patel and Mitesh Patel.
The Company was a wholesaler of gift and novelty items to retailers in the UK, Europe, and the US. The Company’s head office and primary UK warehouse was located in Ruislip, London. Additionally, it operated in third party warehouses across the UK and the US. The Company had 35 employees at the date of our appointment.
Administrators' statement of proposals (2022-02-11) · Companies House register