# Marlwood PLC (06676987)

> Why UK company 06676987 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06676987

- **Status:** Administration ended
- **Administration began:** 2012-01-27
- **Administrators' firm:** Axiom Recovery
- **Incorporated:** 2008-08-19
- **Location:** London
- **Industry:** 7415

## Why it went into administration

- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Over-expansion / investment not recovered

## From the administrators' statement

The Company was incorporated in August 2008 and since incorporation operated as a holding company The Company had two subsidianes, the first a non trading company and the second The Licence Factory Limited (“The Licence Factory”) which was a trading company

The Licence Factory was acquired by the Company in September 2009 At this time the Company's shares were floated on the Cayman Isle Stock Exchange in order to raise funds to be invested in The Licence Factory Circa £1 2million was raised from this exercise albeit that the initial hope was that £4million could be raised

The Licence Factory traded throughout 2009 and continued to trade during 2010 However, The Licence Factory began to encounter cash flow problems during 2010 Consequently steps were taken in March and April 2011 to seek funding from the Company and invest these in The Licence Factory However the investment did not in fact materialise until December 2011

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06676987/filing-history/MzA1NDk3OTY4MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06676987

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.