MPM Catering Limited (06840414): administration
- Status
- Administration ended
- Administration began
- 2020-02-19
- Administrators' firm
- Mazars
- Incorporated
- 2009-03-09
- Location
- Manchester
- Industry
- 56210 Event catering activities
Why it went into administration
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
From the administrators' statement
Prior to incorporation, the current Director Paul Morris and former Director Mark Morris operated a successful mobile catering business which was sold in 2002. They continued to operate the business on behalf of the new owners until 2008, leaving to set up MPM Catering Limited which was incorporated on 9 March 2009, providing mobile catering services and trading from leasehold premises at Shires House, Hussey Road, Battlefield Enterprise Park, Shrewsbury.
Through their extensive experience in the mobile catering industry, they were able to quickly establish a client base made up of old contacts and new, and in late 2009 were approached by the National Exhibition Centre in Birmingham (‘NEC’) with regards to providing onsite catering services under a fixed contract. The deal was agreed in October 2010. The business growth required for the Company to meet its obligations under the contract were funded by a cash investment of £75k from the NEC in exchange for a 35% shareholding in the Company. Further funding was advanced by Mr Christopher Morris, a Director of the Company since March 2010.
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Administrators' statement of proposals (2020-04-25) · Companies House register