Tribus (Watchmakers) Limited (12355706): administration
- Status
- Administration ended
- Administration began
- 2021-11-09
- Administrators
- Paul Stanley, Jason Dean Greenhalgh
- Administrators' firm
- Begbies Traynor
- Formerly
- Ward Brothers (Watchmakers) Limited
- Incorporated
- 2019-12-09
- Location
- Liverpool
- Industry
- 46480 Wholesale of watches and jewellery
From the administrators' statement
The following has been provided by Christopher Ward, on behalf of the directors of the Company:
Tribus (Watchmakers) Limited on inception had in place a Sponsorship Agreement with Liverpool FC to be their Global Timing Partner. This agreement was at a cost of £8m over 5 years. Alongside this there was also a licensing agreement. The deal was put in place following LFC becoming the premiership champions, European Champions and Club World Champions. Launch was to take place in September of 2020. To facilitate this and projected sales of £4m in the first year, £1.5m was raised in equity from a number of Angel investors. Stock was ordered in advance of launch to support the sales and the first year sponsorship monies and licence fees paid over.
The administrators act as officers of the court and as agents of the Company without personal liability. Any act required or authorised under any enactment to be done by an administrator may be done by any one or more persons holding the office of administrator from
Administrators' statement of proposals (2022-01-07) · Companies House register