Love Hemp Ltd (09621265): administration
- Status
- Administration ended
- Administration began
- 2023-02-09
- Administrators
- Paul Steven Cooper, Jamie Taylor
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2015-06-03
- Location
- London
- Industry
- 47910 Retail sale via mail order houses or via Internet
Why it went into administration
- COVID-19
- Funding withdrawn / unable to refinance
- Sustained trading losses
From the administrators' statement
The nature of the business is the sale of CBD wellness products. The business was established by the Director and his business partner in March 2015 and the Company was subsequently incorporated in June 2015.
The Company imports the raw material from a grower & extractor in the Czech Republic and packs the vast majority of the final product at its two facilities in Croydon, South London.
Throughout the course of 2017, the Company developed a number of products including Love Hemp Water, a 500m bottle of water infused with 2mgs of CBD oil, which proved popular and enabled the business to geta listing in 2018 with Ocado, Holland & Barrett (“H&B”) and Sainsburys. In 2019, the Company obtained further listings in Boots and in WH Smith for its products.
Administrators' statement of proposals (2023-04-15) · Companies House register