Urban Mover.Com Limited (04963014): administration
- Status
- Administration ended
- Administration began
- 2012-03-23
- Incorporated
- 2003-11-13
- Location
- Warwick
- Industry
- 46520 Wholesale of electronic and telecommunications equipment and parts
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The Company was formed in November 2003 as a designer, manufacturer and suppher of electrically assisted bicycles
The Company was financed by way of a loan account with HSBC Bank Ple (‘the bank“) entered into in October 2004. The bank has a fixed and floating charge over the assets of the Company
In 2005 the Company launched its first range of lightweight battery powered bicycles and entered into its first exclusive distribution agreement (“EDA”) with a distributor in California The Company continued to develop its products and by 2007 also had a retail dealer network in the UK.
Administrators' statement of proposals (2012-05-01) · Companies House register