Jonathan's Toys Limited (11181229): administration
- Status
- Administration ended
- Administration began
- 2023-03-07
- Administrators
- Thomas William Gardiner, Lee De'Ath
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2018-02-01
- Location
- Colchester
- Industry
- 46499 Wholesale of household goods (other than musical instruments) n.e.c
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
APPOINTMENT
The Company traded as importers and distributors of toys in particular Battat toys in the United Kingdom. Initial incorporated in February 2018, by its sole director and shareholder at the time, Jonathan Thorpe, the shares in the Company were sold to Top Banana Toys Holdings Limited in August 2022, with Jonathan Thorpe stepping down as director and Andrew Moulsher being appointed as sole director.
At the time of taking over the running of the Company Andrew Moulsher was aware that there was a significant debt due to Maison Battat (“Battat”), however based on the Company sales projections it was anticipated that the Company would be able to repay the debt over time from trading of its existing stock and as long as Battat continued to supply the Company.
Administrators' statement of proposals (2023-10-14) · Companies House register