# The Idle MAN Limited (12170578)

> Why UK company 12170578 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/12170578

- **Status:** Administration ended
- **Administration began:** 2020-04-15
- **Administrators' firm:** Deloitte
- **Formerly:** OWL Newco Limited
- **Incorporated:** 2019-08-22
- **Location:** Birmingham
- **Industry:** 47910 Retail sale via mail order houses or via Internet

## Why it went into administration

- COVID-19
- Cash flow / liquidity pressure
- Weak consumer demand
- Property / lease costs
- Sustained trading losses
- Rising costs / inflation
- Competition / price pressure

## From the administrators' statement

“Joint Administrators’ appointment

pandemic, the Group was required to close all of .

its physical retail operations on 21 March 2020.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/12170578/filing-history/MzI2NzQyNDcyNmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/12170578

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