GM Geeco Limited (11906015): administration and why it failed

GM Geeco Limited (11906015): administration

Status: In administration
Administration began: 2024-10-16
Administrators: James Ashley Dowers, David Frederick Shambrook
Administrators' firm: RSM
Incorporated: 2019-03-26
Location: London
Industry: 47749 Retail sale of medical and orthopaedic goods in specialised stores (not incl. hearing aids) n.e.c.

Why it went into administration

Weak consumer demand
Property / lease costs
Sustained trading losses
Competition / price pressure

From the administrators' statement

Relevant extracts from the Company’s audited financial statements are summarised below:

Profit & Loss Period ended

Turnover

Administrators' statement of proposals (2024-12-12) · Companies House register

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GM Geeco Limited (11906015): administration

Why it went into administration

From the administrators' statement

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GM Geeco Limited (11906015)