# MK Brands Limited (10907319)

> Why UK company 10907319 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10907319

- **Status:** Administration ended
- **Administration began:** 2021-03-11
- **Administrators:** Julie Anne Palmer, Andrew Hook
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2017-08-09
- **Location:** Salisbury
- **Industry:** 47910 Retail sale via mail order houses or via Internet

## Why it went into administration

- COVID-19
- Supply chain disruption
- Cash flow / liquidity pressure
- Creditor pressure / legal action

## From the administrators' statement

The Company was incorporated on 9 August 2017 by Matthew Kelly who was the Company's sole Director. Having left university to pursue a career in e-commerce, the Director initially traded a clothing brand business and, during this time had developed skills and knowledge in e-marketing, including Facebook Ads.

The purpose of the Company was to act as a vehicle to facilitate the Director's growing e-commerce interests and skillset, specifically drawing on his unique design ideas. Initial funding was provided by way of the Director's personal bank overdraft facility of £500.00. However, further funding was subsequently provided by reinvested profits and payments made by the Director personally. The business traded from the Director's personal address and he was the only employee until recently.

During the first year of trade the Company primarily sold products directly from China (to include clothing and electronic gadgets) direct to customers by way of Facebook advertising. However, the business quickly proved to be highly scalable and revenue for the year ending 31 August 2018 was approximately £1,200,000.00.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10907319/filing-history/MzI5ODI3MjUyOGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10907319

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