Mynt Facilities Services Group Limited (07880911): administration
- Status
- Administration ended
- Administration began
- 2013-06-20
- Administrators
- Phillip Francis Duffy, Sarah Helen Bell
- Administrators' firm
- Kroll
- Formerly
- Shoo 556 Limited
- Incorporated
- 2011-12-14
- Location
- Manchester
- Industry
- 70100 Activities of head offices
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Parent or group failure
- Creditor pressure / legal action
From the administrators' statement
Mynt
Mynt was a non-trading holding company incorporated tn April 2012 as a vehicle to acquire the share capital of RHS
The purchase consideration was £900k with the initial tranche of £700k funded by way of a loan from NWF. The balance of £200k was deferred and was to be paid in two equal instalments of £100k in May 2013 and May 2014
Administrators' statement of proposals (2013-08-16) · Companies House register