Maxwell Stamp PLC (00637978): administration
- Status
- Administration ended
- Administration began
- 2019-01-24
- Administrators
- Anthony John Wright, Raj Mittal
- Administrators' firm
- FRP Advisory
- Formerly
- Maxwell Stamp Associates PLC
- Incorporated
- 1959-09-25
- Location
- London
- Industry
- 74909 Other professional, scientific and technical activities n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
From the administrators' statement
MSP was incorporated on 25 September 1959 and traded under the name of Maxwell Stamp Associates Plc. On 11 January 1990 the Company changed its name to Maxwell Stamp Plc.
MSP was a consultancy business that advised on a variety of international projects including the deployment of international aid to fund economic improvement projects, typically in developing territories. One of the Company’s largest clients was DfID. MSP employed 33 staff, alongside numerous other contractors overseas to assist in various government-based projects.
MSP traded profitably for many years but in recent years experienced a decline in project work, negatively impacting cashflow.
Administrators' statement of proposals (2019-04-01) · Companies House register