Lunaz Ltd (11641727): administration
- Status
- In administration
- Administration began
- 2024-03-20
- Administrators
- Miles Needham, Sarah Cook
- Administrators' firm
- FRP Advisory
- Formerly
- LC Classics Ltd
- Incorporated
- 2018-10-25
- Location
- St. Albans
- Industry
- 45200 Maintenance and repair of motor vehicles
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
As a start-up business, the Company was reliant on the Group for working capital funding.
In late February 2024, the directors reviewed the Company's financial position as part of a wider review of the Group’s financial position. The Group concluded that it was unable to continue to fund the Company. Thereafter, the directors concluded that the Company was unable to continue to meet its costs as falling due and took the decision to appoint Administrators to the Company.
Administrators' statement of proposals (2024-05-18) · Companies House register