Ovenden Papers Limited (00384116): administration
- Status
- In administration
- Administration began
- 2026-09-18
- Administrators
- Michael John Magnay, Michael Thomas Denny
- Administrators' firm
- SJT Advisory
- Formerly
- Everard,Ovenden & Co.Limited
- Incorporated
- 1943-11-29
- Location
- Brighton
- Industry
- 46760 Wholesale of other intermediate products
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
- Weak consumer demand
- Bad debts / customer insolvency
From the administrators' statement
Full details of the events leading up to the administration can be found in the Statement of Insolvency Practice 16 ("SIP16") statement at Appendix 4. A brief summary is provided below, which should be read in conjunction with the SIP16 statement.
The Company faced challenging market conditions, including reduced demand for paper products, resulting in trading losses and pressure on cash flow and working capital. A material uninsured bad debt in 2025 further impacted liquidity.
Despite management implementing cost-saving measures and reducing stock levels, the business was unable to return to profitability without a significant recovery in sales.
Administrators' statement of proposals (2026-10-07) · Companies House register