Mallows Beauty

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ot55

ot55

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The whole situation is a mess! I feel so bad for the small business wholesaler who is £10k out of pocket.

Laura mallows is embarrassing. Trying to justify not paying because she’s paid this woman ‘millions’ over the years. That’s not how it works, you still owe her money!
 
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Crumpet41

Crumpet41

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ot55 said:
The whole situation is a mess! I feel so bad for the small business wholesaler who is £10k out of pocket.

Laura mallows is embarrassing. Trying to justify not paying because she’s paid this woman ‘millions’ over the years. That’s not how it works, you still owe her money!
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All this could have been avoided had Laura made a phone call and said I’m really sorry but I’m having issues . Can I set up a plan to pay in instalments.
The videos I have seen today do not help Laura either - this is somone calling Laura out and then showing screenshots of Mallows Beauty on companies house ( still showing as an active business and not in liquidation as Laura says).

There is also a video ( from another user ) who is also a small business owner also stating that should a firm go under and they don’t fave funds to give the staff holiday pay and redundancy pay then the government pay this on the companies behalf so the staff are not left in the shit. So Laura saying she has taken out personal loans to make sure people are paid is also not accurate .
 
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Crumpet41

Crumpet41

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Anyone else following this on TikTok? Today I have seen a whole lot of videos stitching Laura Mallows discrediting her account of the situation ( with screenshots of information on Mallows Beauty from Companies House).

I also believe the account given by the lady whose invoice didn’t get paid ( and that Laura has not submitted a report to the police about the alleged threats to her and her daughter).
 
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AlwayswatchingAlways

AlwayswatchingAlways

Chatty Member
I find this interesting how much misinformation there is on TikTok.

Firstly yes companies house will show if a company has filed for insolvency however it can take weeks to show. However the London Gazette is where any filings will show and it's 'live'. As far as I can see, there is no insolvency filings as yet.

Mallows if they had filed insolvency would no longer hold the title deeds of the stock and if the manufacturers had a clause on their invoices stating that ownership of the stock is not transferred until payment is received, Mallows would not be able to sell said stock nor transfer the title to Skinny Dip which is what I believe the young lady is saying. The stock is lawfully the manufacturers.

If as the manufacturers states is correct and they have invoice financing, then the invoice financing company are the ones that take on the risk. The debt is insured. Depending on the facility agreement, on £10k they were probably able to draw down upto £7k of the invoice value and the £3k is effectively the 'charge' for being able to have the money upfront. In that £3k will also be the cost of the debt insurance. The manufacturers should not have to pay anything back like they claim as the IF company will resolve. What probably has happened is until the insurance is paid (and it can't even be started until proof that insolvency has been filed) a hold will be put on the facility for the value they have drawn against other invoices from debtors they upload. However it will iron itself out in due course.

If I was the manufacturers, I would pay for a collection company to pick up the stock and sell it as 'insolvent stock' myself. Mallows are probably waiting for one of the companies which they owe money to (and there will be more!) to issue winding up proceedings to avoid the initial cost of centering into administration.
 
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_basic_

_basic_

VIP Member
Just searched this business as I’m appalled at what they have done BUT is this right? Original price and cut price? No wonder she went under that’s ridiculous!

IMG_6593.png
 
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Crumpet41

Crumpet41

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AlwayswatchingAlways said:
I find this interesting how much misinformation there is on TikTok.

Firstly yes companies house will show if a company has filed for insolvency however it can take weeks to show. However the London Gazette is where any filings will show and it's 'live'. As far as I can see, there is no insolvency filings as yet.

Mallows if they had filed insolvency would no longer hold the title deeds of the stock and if the manufacturers had a clause on their invoices stating that ownership of the stock is not transferred until payment is received, Mallows would not be able to sell said stock nor transfer the title to Skinny Dip which is what I believe the young lady is saying. The stock is lawfully the manufacturers.

If as the manufacturers states is correct and they have invoice financing, then the invoice financing company are the ones that take on the risk. The debt is insured. Depending on the facility agreement, on £10k they were probably able to draw down upto £7k of the invoice value and the £3k is effectively the 'charge' for being able to have the money upfront. In that £3k will also be the cost of the debt insurance. The manufacturers should not have to pay anything back like they claim as the IF company will resolve. What probably has happened is until the insurance is paid (and it can't even be started until proof that insolvency has been filed) a hold will be put on the facility for the value they have drawn against other invoices from debtors they upload. However it will iron itself out in due course.

If I was the manufacturers, I would pay for a collection company to pick up the stock and sell it as 'insolvent stock' myself. Mallows are probably waiting for one of the companies which they owe money to (and there will be more!) to issue winding up proceedings to avoid the initial cost of centering into administration.
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I know absolutely nothing about this process so thank you very much for taking the time to explain. 🙂
 
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_basic_

_basic_

VIP Member
I think it was said that the owner of skinny dip was also listed as something to do with mallows at some point. Laura comes across as sneaky anyway I don’t know how anyone can have anything to do with her now
 
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_basic_

_basic_

VIP Member
Former_Antelopee said:
If it's just a shave butter then definitely not. I bought one once (wouldn't recommend) and I wouldn't have paid £30 for it let alone £60
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I went direct to bath bomb bliss to order, I saw some mallows stuff in Morrisons but wtf are these prices? Didn’t think they could trade under that name anymore with them being in liquidation. Shocking that when stock is left from suppliers that are owed, it’s not been given back!
 
_basic_

_basic_

VIP Member
Crumpet41 said:
i was under the impression that as soon as the company goes into liquidation the administrators take over the stock - so if they still have some and are selling then this is breaking the law.
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That’s what I thought also, so many people are saying this yet no explanation for what they are doing it or how
 
H

happyland

Member
Crumpet41 said:
i was under the impression that as soon as the company goes into liquidation the administrators take over the stock - so if they still have some and are selling then this is breaking the law.
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The new company purchased the name, but not the businesses. So the Credit that was owed was on the business that's now closed. The new one can sell and still use the mallows brand.

However if she sold the name their should be some money from that but i have a feeling its been done in a back handed deal hence why she is still around and leading the brand.
 
Former_Antelopee

Former_Antelopee

VIP Member
Crumpet41 said:
All this could have been avoided had Laura made a phone call and said I’m really sorry but I’m having issues . Can I set up a plan to pay in instalments.
The videos I have seen today do not help Laura either - this is somone calling Laura out and then showing screenshots of Mallows Beauty on companies house ( still showing as an active business and not in liquidation as Laura says).

There is also a video ( from another user ) who is also a small business owner also stating that should a firm go under and they don’t fave funds to give the staff holiday pay and redundancy pay then the government pay this on the companies behalf so the staff are not left in the shit. So Laura saying she has taken out personal loans to make sure people are paid is also not accurate .
Click to expand...
I saw someone say she meant the personal loans were to pay their monthly wage? Maybe before this happened?
 
Crumpet41

Crumpet41

VIP Member
_basic_ said:
I went direct to bath bomb bliss to order, I saw some mallows stuff in Morrisons but wtf are these prices? Didn’t think they could trade under that name anymore with them being in liquidation. Shocking that when stock is left from suppliers that are owed, it’s not been given back!
Click to expand...
i was under the impression that as soon as the company goes into liquidation the administrators take over the stock - so if they still have some and are selling then this is breaking the law.