MBH Corporation PLC (10238873): administration
- Status
- Administration ended
- Administration began
- 2024-02-26
- Administrators' firm
- Begbies Traynor
- Formerly
- Equired Group PLC
- Incorporated
- 2016-06-20
- Location
- Northampton
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The Company traded as a diversified investment holding company, listed on the Frankfurt, Dusseldorf and the Aquis Stock Exchanges. The Company’s sole purpose was to acquire and act as the holding company for established, profitable, small-to-medium enterprises in different sectors.
The Company was incorporated on 20 June 2016, under the name Equired Group PLC, the Company remained dormant until 2018, and changed its name to MBH Corporation PLC on 15 Jan 2018. In 2018 the Company was listed on the Frankfurt Stock exchange and purchased its first three businesses, Cape Ltd, Parenta Group (being Parenta Holdings Ltd and its subsidiaries) and Acacia Training Limited.
The Company continued to acquire and act as a holding company for established, profitable small-tomedium enterprises in different sectors. As at the last set of accounts for the year to 31 December 2022, the Group comprised of 23 trading entities in the United Kingdom, Ireland, New Zealand, Australia, U.S.A and Singapore that employed an aggregate 476 professionals. The Company leveraged its ‘buy and build’ model in which well-run, profitable, and established companies were acquired.
Administrators' statement of proposals (2024-04-18) · Companies House register