LOW Carbon Lighting Limited (07206377): administration
- Status
- Administration ended
- Administration began
- 2018-12-14
- Administrators
- Lisa Marie Moxon, Christopher Benjamin Barrett
- Administrators' firm
- Dow Schofield Watts
- Incorporated
- 2010-03-29
- Location
- Warrington
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 29 March 2010 with Karl Watkin and Timothy Cantle-Jones appointed as directors of the Company. The Company’s original share capital consisted of 1 ordinary share with Karl Watkin as the sole shareholder.
During February 2011, Karl Watkin resigned as a director of the Company to seek opportunities elsewhere. At this time, Michael McNeil, Paul Brown, Clive Rankin and Nicholas Smith were appointed directors of the Company.
The Company remained dormant until 2011 when it commenced trading as a manufacturer of innovative lighting products based in the North East of England. The Company secured an equity investment of £385k from North East Access to Finance (“NEAF”) fund which was administered by The North East Technology Fund L.P (“NETF”). Additional shares were issued and allotted throughout the Company’s trading period, as and when further investment was sought. A schedule of the current shareholding as at the date of Administration is shown at Appendix A.
Administrators' statement of proposals (2019-02-25) · Companies House register