M2C2 Group Limited (07543605): administration and why it failed

M2C2 Group Limited (07543605): administration

Status: Administration ended
Administration began: 2020-11-30
Administrators: Michael Stephen Elliot Solomons, Milan Vuceljic
Administrators' firm: Moorfields
Incorporated: 2011-02-25
Location: London
Industry: 46420 Wholesale of clothing and footwear

Why it went into administration

COVID-19
Cash flow / liquidity pressure
Weak consumer demand
Creditor pressure / legal action
Sustained trading losses

From the administrators' statement

The original business dates back to the 1890s, however the business was hived out from Coats Viyella by Jim McConnel and a number of external investors. After various

management buyouts, in 2011, the Company was formed. The Company owns a number of legacy subsidiaries with the following group structure: 2.2

M2C2 Group Limited

Administrators' statement of proposals (2021-01-11) · Companies House register

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