# M&CO Trading Limited (SC662082)

> Why UK company SC662082 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/SC662082

- **Status:** Administration ended
- **Administration began:** 2022-12-09
- **Administrators:** Gavin George Scott Park, Adele Macleod, Robert James Harding
- **Administrators' firm:** Teneo
- **Incorporated:** 2020-05-26
- **Location:** Edinburgh
- **Industry:** 47710 Retail sale of clothing in specialised stores

## Why it went into administration

- Funding withdrawn / unable to refinance
- Sustained trading losses
- COVID-19
- Rising costs / inflation
- Cash flow / liquidity pressure

## From the administrators' statement

Following the Transaction which took place during the Pandemic, and in common with other retailers, the Company has suffered as a result of a drawn-out recovery in retail sales in the post pandemic period. In the months prior to administration, the deterioration in trading performance has been compounded by high inflation increasing the Company's cost base, and a cost-ofliving crisis impacting consumer behaviour.

In early November 2022, the Company had £12 million of overdue supplier payments.

Steps taken to remedy/turnaround

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/SC662082/filing-history/MzM2Nzc4NDE2N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/SC662082

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