Mlgo Limited (05744836): administration
- Status
- Administration ended
- Administration began
- 2023-06-13
- Administrators
- Antonya Allison, Allan David Kelly
- Administrators' firm
- FRP Advisory
- Incorporated
- 2006-03-16
- Location
- Newcastle upon Tyne
- Industry
- 47789 Other retail sale of new goods in specialised stores (not commercial art galleries and opticians)
Why it went into administration
- HMRC / tax arrears
- Property / lease costs
- Competition / price pressure
- Weak consumer demand
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses
- COVID-19
- Shift to online / high-street decline
- Rising costs / inflation
- Supply chain disruption
- Over-expansion / investment not recovered
From the administrators' statement
The Company was incorporated on 16 March 2006 and trade commenced immediately with an aim to establish itself as an out-of-town big brand retailer of outdoor clothing and equipment.
The Company traded from the premises at Unit 13 Chollerton Drive, North Tyne Industrial Estate, Benton, NE12 9SZ and employed 17 members of staff, including the Directors.
The directors of the Company are Paul Crone and Malcolm Crone.
Administrators' statement of proposals (2023-08-02) · Companies House register