Elmex London Luton Airport Limited (12457224): administration
- Status
- Administration ended
- Administration began
- 2023-03-06
- Administrators
- Christopher Robert Pole, Timothy Bateson
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2020-02-12
- Location
- London
- Industry
- 56101 Licenced restaurants
Why it went into administration
- Weak consumer demand
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- COVID-19
- Supply chain disruption
From the administrators' statement
The Company was incorporated on 12 February 2020 and is a wholly owned subsidiary of the Parent Company. The Company holds the concession agreement for the food outlet at London Luton Airport.
There were 23 employees of the Company who were made redundant by the directors of the Company on 27 February prior to our appointment.
Based on our understanding, no connected party transactions were undertaken in the two years prior to the Company's administration, though our statutory investigations into the
Administrators' statement of proposals (2023-04-28) · Companies House register