Microformat (UK) Limited (01021877): administration
- Status
- Administration ended
- Administration began
- 2014-08-07
- Administrators
- Vincent John Green, Mark Newman
- Administrators' firm
- CCW Recovery Solutions
- Formerly
- Profile Microfilming (Kent) Limited
- Incorporated
- 1971-08-23
- Location
- Tunbridge Wells
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Sustained trading losses
- Property / lease costs
- Loss of key people
From the administrators' statement
The Company, formerly named Profile Microfilming (Kent) Limited was incorporated on 23 August 1971 and its main activity was the microfilming of government records During the eighties the Company acquired Medical Municipal Microfilming Limited whose activities were principally the microfilming of patient records
Microformat Group BV, a company based in the Netherlands, had a UK subsidiary called Microformat Systems UK Limited The UK subsidiary was primanity a sales office although after the ‘Microformat Group’ had won, in 1997, a prestigious and profitable multt-millon contract called “World War | Soldiers’ documents” from the Public Records Office, now known as The National Archive, tt became a production company To enhance its presence in the UK market, in 1998 The Microformat Group acquired 70% of Profile Microfilming (Kent) Limited and Medical Municipal Microfilming Limited Profile Microfilming (Kent) Limited was renamed Microformat (UK) Limited and the business merged with Medical Municipal Microfilming Ltd and the sales part of Microformat Systems UK Limited As a subsidiary of the Microformat Group the portfolio of services was increased with archival conversion services
The merging of the businesses initially proved difficult with three directors from Profile Microfilming (Kent) Limited and the employment of David Chapman as a new managing director After two years the Company was restructured with Mr Chapman remaining as the managing director and a sales director being retained from ‘Profile’ At that time the Company became a wholly owned subsidiary of Microformat Group B V
Administrators' statement of proposals (2014-09-19) · Companies House register