Banana Kick Limited (06604580): administration
- Status
- Administration ended
- Administration began
- 2021-12-15
- Administrators
- Conrad Alexander Pearson, Patrick Alexander Lannagan
- Administrators' firm
- Mazars
- Incorporated
- 2008-05-28
- Location
- Manchester
- Industry
- 73110 Advertising agencies
Why it went into administration
- COVID-19
- HMRC / tax arrears
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
- Sustained trading losses
- Management failings / irregularities
- Weather / natural events
From the administrators' statement
In the following paragraphs, the Administrators provide their understanding of the events which preceded the appointment of Administrators, following their discussions with the Director.
Banana Kick Limited (‘BK’) (‘the Company’) was incorporated in May 2008 by Nick Goring (‘NG’) and Gary McCall (‘GM’) and initially traded from a small office space premises at Castleton Mill, Leeds. Using prior experience as directors of a large marketing agency, NG & GM identified an opportunity for a nimble business with extensive agency experience to form during the recession where clients would be looking for value.
The business was focussed on the sport and leisure market as this was identified as a gap in the market and an area of interest as NG & GM had experience winning work within this sector. BK was formed using cash injected by the directors; as the overheads were low, there was no requirement for funding. The Company initially employed four staff which increased to eight staff within the first six months.
Administrators' statement of proposals (2022-02-14) · Companies House register