Flourish Make UP Ltd (05494679): administration
- Status
- Administration ended
- Administration began
- 2017-10-10
- Formerly
- Flourish-Make UP Limited
- Incorporated
- 2005-06-29
- Location
- London
- Industry
- 96020 Hairdressing and other beauty treatment
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Property / lease costs
From the administrators' statement
The business undertook the production and online sale of make-up, specialising in concealers. The business operated from small offices in Esher under a 3-year Lease with a 12-month recurring option expiring in November 2017. A rent deposit of £5,900 was initially provided to the Landlord. The Company’s production was undertaken from a manufacturing facility, which also stored the product in a warehouse.
Charles Leonard Campbell Stone (“CS”) and Annabel Domenica Jardella (“AY”) were the Directors of the Company and at the time of Administration there were 14 Shareholders of which CS (32%) and AJ (38%) held the majority of the shares. It should be noted that the day prior to Administration, AJ resigned her position as a Director and during the Administration process she also sold her shares to another investor, Helen Cardrick (“HC”), who now owns 45%.
Extracts from the Company’s Financial Statements are as detailed below: Yearended Yearended Year ended
Administrators' statement of proposals (2017-12-09) · Companies House register