KH Global Trading Limited (11101589): administration
- Status
- Administration ended
- Administration began
- 2023-02-10
- Administrators
- Edward Avery-Gee, Daniel Mark Richardson
- Administrators' firm
- CG&Co
- Incorporated
- 2017-12-07
- Location
- Manchester
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- COVID-19
- HMRC / tax arrears
- Property / lease costs
- Weak consumer demand
- Supply chain disruption
From the administrators' statement
KH Global Trading Ltd (the Company) was incorporated on 7 December 2017 by Mr Samuel Hochland and Mr Matthew King, to manufacturer and sell sleep and stress related products online. The business operated from the Directors homes as it was an online business, and no rent was charged/paid per month;
The initial funding was £30k (£15k each from Matthew King and Samuel Hochland) which was used td purchase initial inventory and shipping from China. Since then, a small share capital investment deal was made with Michael Goldstone for €200k in July 2020. Trading was made through their website previously branded as Mela (www.melacomfort.co.uk) and via the website Amazon UK as a third party seller. The
Company changed its branding name to “Aeyla” with effect from 1 August 2022.
Administrators' statement of proposals (2023-02-24) · Companies House register