Lcuk Solihull Ltd (13475841): administration
- Status
- Administration ended
- Administration began
- 2024-04-08
- Administrators
- Simon Wall, Richard David Tonks
- Administrators' firm
- The Wilkes Partnership
- Incorporated
- 2021-06-24
- Location
- Walsall
- Industry
- 96020 Hairdressing and other beauty treatment
Why it went into administration
- Creditor pressure / legal action
- Property / lease costs
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of the proposals has been prepared based on information provided by the Board of Directors ("the Board") of the Company and not from my personal knowledge as Administrator.
The Company was formed on 24 June 2021 as a Franchisee of Laser Clinics UK. The Company traded as Laser Clinics UK providing laser hair removal to customers. The majority of customers paid for a number of treatments up front. Both the investing shareholder and Franchisor invested considerable funds to setup the clinic based in a prime location in Solihull.
The clinic struggled from the outset to maintain sufficient turnover to cover its costs along with the Franchisor’s fees and royaities.
Administrators' statement of proposals (2024-06-05) · Companies House register