Axiom Marketing Services Limited (00544939): administration
- Status
- Administration ended
- Administration began
- 2023-05-16
- Administrators
- Rebecca Jane Dacre, Scott Christian Bevan
- Administrators' firm
- Mazars
- Formerly
- GAY Displays Limited
- Incorporated
- 1955-02-24
- Location
- Milton Keynes
- Industry
- 31010 Manufacture of office and shop furniture
Why it went into administration
- COVID-19
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Creditor pressure / legal action
- Sustained trading losses
- Weak consumer demand
- Supply chain disruption
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated in 1955 and has been traded from its current premises since 1957. The Company designs, manufactures and supplies retail display, storage units and furniture to major national retailers, outlets, and smaller regional and local retailers.
The Company has some longstanding customers, from which repeat business is secured. Certain products that are developed and manufactured are then rolled out across several stores across the UK. The installation of these products is also a part of the service provided by the Company.
The Company branched out and began to manufacture and supply businesses from the healthcare sector. Prototypes for specific products were developed including storage bedside cabinets and units. The opportunity is now there to manufacture more of these products and roll them out across the healthcare sector.
Administrators' statement of proposals (2023-05-26) · Companies House register