The business and/or assets of Tanning Products Limited trading as Super Tan are for sale, following the appointment of Liquidator, Lucinda Matkin on 25 September 2018.

Assets for sale consist of seven sun showers. Any interested parties should contact Lucinda Matkin at lucinda@lminsolvency.co.uk or telephone 07972928153 for further information and to make an offer. Please note the purchaser will need to be able to remove the purchased sun shower(s) from the Loughborough premises.

Tanning products Limited operated as a tanning shop from Unit 4 Imperial Buildings, Market Place, Loughborough, LE11 3EA, and traded under the name Super Tan.

The business had traded steadily over the years but had found it difficult to attract newer customers. Compounding this 2017/18 was hit especially hard due to poor weather between November 2017 and April 2018 and following this the unseasonably hot summer from May 2018 to August 2018 which is considered the busiest time normally, meant the company was unable to pay its debts as when they fall due and that the directors held no reserves to support the coming winter months
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If you are a creditor, supplier, customer or other stakeholder of the Company and require further information contact LM Insolvency & Advisory Ltd on Tel: 07972928153 or email lucinda@lminsolvency.co.uk

2016. She has realised all company assets including the sale company’s Nottingham showroom at Arkwright Street Nottingham (the former Queens Hotel) for £353,500, and “substantial” amounts of stock sold through auctioneers John Pye & Sons.
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This has enabled the secured creditors to be paid in full receiving a dividend distribution of more than £260,000.

Matkin has also confirmed that all preferential creditors will be paid in full.

She said: “We are pleased to have realised company assets totalling more than £400,000 to enable a positive outcome for secured that have received a dividend of 100p in Pound and preferential creditors that will also receive the same.
“The dividend prospects for unsecured creditors will be reviewed following the distribution to preferential creditors.”

See the article at TheBusinessDesk.com here>