Mono Consultants Limited (SC175320): administration
- Status
- Administration ended
- Administration began
- 2021-10-22
- Administrators
- Blair Carnegie Nimmo, Geoffrey Isaac Jacobs
- Administrators' firm
- Interpath Advisory
- Formerly
- James Barr Consultants Limited; James Barr & SON Project Management Limited; Klam Limited
- Incorporated
- 1997-05-12
- Location
- Glasgow
- Industry
- 61200 Wireless telecommunications activities
Why it went into administration
- Funding withdrawn / unable to refinance
- COVID-19
- Weak consumer demand
- Supply chain disruption
- Brexit
From the administrators' statement
The Company was incorporated on 12 May 1997, and its primary activity was the provision of mobile telecommunications infrastructure consultancy services.
At the date of the Joint Administrators’ appointment the company had 165 employees and operated from five leasehold locations. In the 12 months to 31 August 2021 the Company generated turnover of approximately £28.6 million and recognised a negative EBITDA of £2.8 million.
The Company’s immediate parent is Mono Global Group Limited. We understand that Mono Global Group Limited is dormant other than holding Intercompany loans and an outstanding loan to BGF (‘Business Growth Fund Limited’).
Administrators' statement of proposals (2021-11-03) · Companies House register