Inovia International Limited (12624694): administration
- Status
- Administration ended
- Administration began
- 2021-11-08
- Administrators
- James Saunders, Allan Watson Graham
- Administrators' firm
- Kroll
- Formerly
- Shoo 640 Limited
- Incorporated
- 2020-05-27
- Location
- London
- Industry
- 20420 Manufacture of perfumes and toilet preparations
Why it went into administration
- Sustained trading losses
- Supply chain disruption
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
The Company is a UK based contract manufacturer of natural and organic cosmetics, specialising in the development, manufacture and packaging of cosmetics, toiletries, personal care and medical class 1 products, covering skincare, bath and body and aromatherapy.
The Company was incorporated in May 2020 as Shoo 640 Limited, but did not begin to trade until February 2021, when it purchased the business and assets of Inovia International, a division of Stan Chem from its Administrators.
The purchase of the Inovia division’s business and assets from Stan Chem included the TUPE transfer of the employees and a licence to operate from the leasehold premises at Brambles House, Waterberry Drive,
Administrators' statement of proposals (2022-01-07) · Companies House register