Monocore Ltd (07831305): administration
- Status
- Administration ended
- Administration began
- 2019-05-15
- Administrators
- Gareth Hunt, Tracy M Clowry
- Administrators' firm
- Ams Accountants Medical
- Incorporated
- 2011-11-01
- Location
- Handforth
- Industry
- 47910 Retail sale via mail order houses or via Internet
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
3.1 The business was established on 1 November 2011 and the principal! activity of the Company was as a web based retailer of nutrition products.
As at the date of Administration, the Company traded from leased premises at Unit 1 Caldey Road, Roundthorn Industrial Estate, Manchester, Greater Manchester, M23 9GE. The premises are not owned by the Company; the Company traded subject to lease.
The Company developed products under new brands such as GoNutrition and Saints & Slimmers. All research and developments costs and marketing spending were incurred by the Company and were funded by personal monies injected by the director, Oliver Cookson, by way of an unsecured director’s loan account.
Administrators' statement of proposals (2019-12-19) · Companies House register