Skin & Tonic London Ltd (08621873): administration
- Status
- Administration ended
- Administration began
- 2023-03-14
- Administrators
- Joanne Louise Hammond, Kris Anthony Wigfield
- Administrators' firm
- Begbies Traynor
- Formerly
- Starkers Skincare Limited
- Incorporated
- 2013-07-23
- Location
- Northampton
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- COVID-19
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 23 July 2013 with Joshua Wade ("JW") and Sarah Hancock ("SH") being the founding directors. The Company was originally called Starkers Skincare Limited until 31 October 2013, and specialised in the manufacturing and distribution of natural skincare products. From 1 May 2021, the Company traded from leased premises at Unit J, 9C Queen's Yard, Hackney Wick, London, E9 5EN.
The share capital of the business was held by 25 shareholders, including 3 members of the Board, 1 of which was a non-Executive Director. The Company appointed 6 non-Executive Directors to provide expertise in marketing, the skincare industry and product formulation, however 2 non-Executive Directors resigned on 7 July 2020 and 11 March 2021 respectively. The Company also had 6 employees, including both Executive Directors, JW and SH. JW resigned as an Executive Director on 26 January 2023.
The Company predominantly sold its products through various online platforms with larger distributers such as Amazon, Shopify, FeelUnique, Very.com, as well as through its own website. The Company also sold its products in various retail stores such as Marks & Spencer's and Holland & Barrett. The Company’s customer profile was predominately a female audience between the ages of 25 and 55.
Administrators' statement of proposals (2023-05-18) · Companies House register