Atom Labs Limited (SC651384): administration
- Status
- Administration ended
- Administration began
- 2023-05-16
- Administrators
- Alistair Mcalinden, Blair Carnegie Nimmo
- Administrators' firm
- Interpath Advisory
- Formerly
- DMWS 1129 Limited
- Incorporated
- 2020-01-13
- Location
- Glasgow
- Industry
- 46520 Wholesale of electronic and telecommunications equipment and parts
Why it went into administration
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 13 January 2020 by its directors, Craig Smyth and Ronald Barrie Clapham. Under the trading name “Atom Studios”, the Company designed and sold mobile phone accessories including phone covers, chargers and screen protectors etc which combined design and sustainability with functionality.
The Company sold direct to consumers via its UK and US websites and to large retailers, primarily in the US, via distributors. Its products were also listed on other retailer websites including Amazon, Three and Very.com.
The Company sourced its products from Chinese manufacturers who shipped the goods either directly to the distributors (for commercial customers) or to fulfilment partners (who despatched goods directly to consumers on the Company’s behalf).
Administrators' statement of proposals (2023-06-28) · Companies House register