Juno Moneta Group Limited (10636751): administration
- Status
- Administration ended
- Administration began
- 2020-07-21
- Administrators
- Richard Paul James Goodwin, Roderick Graham Butcher
- Administrators' firm
- Butcher Woods
- Incorporated
- 2017-02-23
- Location
- Birmingham
- Industry
- 64205 Activities of financial services holding companies
Why it went into administration
- COVID-19
- Sustained trading losses
- Regulatory change or action
- Funding withdrawn / unable to refinance
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me by the directors of the Company and not from my personal knowledge as Administrator.
Juno Moneta Group Limited was formed in 2017 and was the holding company of a group of companies incorporated to provide financial solutions to customers. The Company traded from premises near Cardiff, Wales. The Company received significant invesiment to the sum of £10.3m from Contrad Limited, a company that holds a fixed and floating charge over the assets of the business.
The Company used the loans from Contrad Limited in order to primarily purchase the business of other financial advisor firms. Other monies were lent to associated companies to finance businesses, such as solicitors, accountanis, property developers, a design company and a sports management company.
Administrators' statement of proposals (2020-09-19) · Companies House register