Lumo Liquids Ltd (09232249): administration
- Status
- Administration ended
- Administration began
- 2022-11-18
- Administrators' firm
- Mazars
- Incorporated
- 2014-09-23
- Location
- Bristol
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- Supply chain disruption
- Sustained trading losses
From the administrators' statement
The Company, which was incorporated in 2014, was a joint venture between the previous owners of the “10 Motives” e-cigarette brand and a South Wales pharmaceutical and medical packaging company.
The Company manufactures and sells e-liquid vaping products. With a portfolio of established vaping brands, proprietary/in house developed product formulas, customers (such as British American Tobacco) and modern production lines, the Company experienced a sustained period of considerable growth and success.
However, following the decision of two large customers to move their manufacturing and supply chains to mainland Europe, the Company lost key contracts that represented over 85% of revenues. The resulting loss of sales could not be replaced quickly enough, and trading losses were incurred.
Administrators' statement of proposals (2022-12-21) · Companies House register