# Foamlife Ltd (12588558)

> Why UK company 12588558 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/12588558

- **Status:** In administration
- **Administration began:** 2026-03-11
- **Administrators:** Marco Piacquadio, Rachel Ennis
- **Administrators' firm:** FTS Recovery
- **Incorporated:** 2020-05-06
- **Location:** Milton Keynes
- **Industry:** 15200 Manufacture of footwear

## Why it went into administration

- Supply chain disruption
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- HMRC / tax arrears

## From the administrators' statement

The Company was incorporated on 6 May 2020 and commenced operations in the manufacture of footwear, selling ecofriendly footwear worldwide, in addition to sales via the e-commerce platform, which generates roughly 25% of turnover. Since incorporation, around £700,000 of working capital has been raised in total, mainly through EIS/SEIS funding rounds. Funding was obtained on the back of valuations at the time of £2,500,000 & £1,750,000 respectively.

The Company has been turning over and average of £400,000 per annum, with customers including the likes of John Lewis. The Company designs its own products, which are then manufactured and shipped from abroad.

FTS Recovery, Ground Floor, Baird House, Seebeck Place, Knowlhill, Milton Keynes, Buckinghamshire, MK5 8FR 01908 754646 | www.ftsrecovery.co.uk

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/12588558/filing-history/MzUxMTU3ODMyMWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/12588558

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