# Monorails and Satellites Limited (09291904)

> Why UK company 09291904 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09291904

- **Status:** Administration ended
- **Administration began:** 2023-12-28
- **Administrators:** Steven Wiseglass
- **Administrators' firm:** The Insolvency Practitioner of Inquesta
- **Incorporated:** 2014-11-03
- **Location:** Manchester
- **Industry:** 47910 Retail sale via mail order houses or via Internet

## Why it went into administration

- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action

## From the administrators' statement

The Board of directors have provided information on the history of the Company and the events leading up to insolvency;

The Company was incorporated as Monorails and Satellites Limited on 3 November 2014. Following incorporation, the Company was dormant until 2020.

VinylBox was launched in 2020, with the directors having identified a gap in the market for vinyl record sales. The business was an e-commerce only business with 80%+ of revenue being recurring subscriptions.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09291904/filing-history/MzQwNzAwMzc5MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09291904

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.