MHA Lighting Limited (07013646): administration
- Status
- Administration ended
- Administration began
- 2015-12-01
- Administrators
- Sarah Helen Bell, Steven Muncaster
- Administrators' firm
- Kroll
- Formerly
- MHA Luminanz Limited
- Incorporated
- 2009-09-09
- Location
- Manchester
- Industry
- 27400 Manufacture of electric lighting equipment
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Property / lease costs
- Competition / price pressure
- Bad debts / customer insolvency
From the administrators' statement
Statutory information on the Company and a summary of its financial history 1s included at Appendix 1
The Company was incorporated on 9 September 2009, specialising in the manufacture of unique LED lighting and initially as a subsidiary of MHA Intellect The original name of the Company was MHA Luminanz Limited as It was formed to exploit technology developed by the founder of Luminanz, Morton Graham (now deceased) He had invented and patented a number of innovative methods of using LED light Mr Graham had been working on this technology since the 1990's but had lacked a financial partner to commercialise the concept
MHA Intellect identified the technology tn early 2009 as Luminanz was a potential customer of its electronics design services Realising the opportunity, a fifteen year exclusive licence for the UK and Australia (as well as a non-exclusive licence for the rest of the world) was negotiated for the Company
Administrators' statement of proposals (2016-01-26) · Companies House register