MAD Supplies Ltd (07588084): administration and why it failed

MAD Supplies Ltd (07588084): administration

Status: Administration ended
Administration began: 2024-03-27
Administrators: David Gerard Kirk, Daniel Jeeves
Incorporated: 2011-04-01
Location: Exeter
Industry: 47910 Retail sale via mail order houses or via Internet

From the administrators' statement

As detailed above, whilst the company’s sales were increasing and the company was struggling to keep enough stock to meet demand. The company had used loans and a finance facility from Amazon to increase stock purchases to hold a better range and quantity of stock. 3.1

3.2

3.3

Administrators' statement of proposals (2024-05-14) · Companies House register

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MAD Supplies Ltd (07588084): administration

From the administrators' statement

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MAD Supplies Ltd (07588084)