Acquisition opportunity - Lumo Liquids Limited

Background

• Mark Boughey and Conrad Pearson, both of Mazars LLP, were appointed as Joint Administrators of the Company on 18 November 2022.
• The Company, incorporated in 2014, was a joint venture between the previous owners of the renowned 10 Motives & Cirro e-cigarette brands and a leading South Wales pharmaceutical and medical packaging company.
• The Company focuses on nicotine solutions (mixing diluted nicotine solutions, mixing nicotine salt solutions and mixing bulk e-liquids), e-liquids (mixing, filling and packing e-liquid bottles, creating white label e-liquids, vape brands), POD filling (filling and packing vape devices, cartridges and PODs) and oral pouches (bulk powder blends and pouch filling and packing).
• The Company experienced a sustained period of considerable growth and success. However, following the decision of two customers to move their manufacturing and supply chains to mainland Europe, the Company lost key contracts that represented over 85% of revenues.

Financial headshot

Key investment highlights

• Portfolio of established & newly launched vaping brands;
• Diverse range of multiple revenue streams for nicotine delivery;
• Proprietary/in house developed product formulas;
• Blue chip customers (such as British American Tobacco & JTI);
• State of the art automated, manufacturing & testing equipment;
• Highly skilled & experienced Management team with significant industry know how;
• In depth know how and links with MHRA on medicinal devices & smoking cessation markets.

Offers are invited in relation to the Company or the Business and Assets.

Further information can be provided on request and following receipt of a signed non-disclosure agreement.