Marcandi Limited (06609609): administration
- Status
- Administration ended
- Administration began
- 2018-06-27
- Administrators' firm
- Cork Gully
- Incorporated
- 2008-06-03
- Location
- London
- Industry
- 47910 Retail sale via mail order houses or via Internet
From the administrators' statement
In May 2018, the sole director of the Company sought advice from Allister Manson, partner at Cork Gully LLP, regarding the Company's deteriorating financial position.
The sole director explained that the Company had reduced staff and premises costs dramatically, in order to deal with its financial challenges, but was still under pressure, due to lower sales and higher online advertising costs.
The sole director agreed to monitor the situation for a short period to see whether it would improve. However, by mid-June it was clear that the situation had not improved sufficiently. As such, the sole director felt that he had no choice but to take steps to cease trading.
Administrators' statement of proposals (2018-09-02) · Companies House register