# Impex Creative Crafts Limited (01165448)

> Why UK company 01165448 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01165448

- **Status:** Administration ended
- **Administration began:** 2011-07-14
- **Administrators:** Neil A Bennett, Michael Charles Healy
- **Administrators' firm:** Leonard Curtis
- **Incorporated:** 1974-04-03
- **Location:** London
- **Industry:** 5190

## Why it went into administration

- HMRC / tax arrears
- Competition / price pressure
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Weather / natural events

## From the administrators' statement

. .» #531. >.This report should be read in conjunction with our, intial report se sent to all known creditors on 25 July 2011 en Spec om tau Lain eh tee ~ Tree youtt os 32 The Company was incorporated on 3 Apnil 1974 and traded as a wholesale supplier of craft items The Company was purchased by Mr Goodrich and Peter Jackson (“Mr Jackson’) in March 2008 by way of a

share buyout

“+ » 33.. The GCompany-struggled financially following the purchase and tumover dropped in-2008 r.The- Company riases eet +e | recovered well in the latter part of 2009 with turnover increasing by over £300k for the year. Although tumover had increased, the Company encountered cash flow difficulttes as purchasing in bulk from | overseas, which required payment in advance, strained finances It was however expected that this would improve through early 2010 with increasing orders and a more extensive product line as Investments in products through 2009 were realised

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01165448/filing-history/MzA0Mjk4Nzc4MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01165448

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.