Columbia Ribbon Manufacturing Company Limited (01277895): administration
- Status
- Administration ended
- Administration began
- 2011-09-16
- Administrators
- Simon Robert Thomas, Robert Harry Pick
- Administrators' firm
- Moorfields
- Formerly
- Columbia Ribbon & Carbon Manufacturing Company Limited; Kolok Manufacturing Company Limited; Alpha Omicron Limited
- Incorporated
- 1976-09-20
- Location
- London
- Industry
- 3002
Why it went into administration
- Property / lease costs
- Sustained trading losses
From the administrators' statement
The Company was established in the United Kingdom in 1912 as an importer of typewriter ribbons and carbon paper from the United States of America The original limited Company was formed in 1922 and remained in private hands until 1989 when tt was acquired by FKi Ple
During the 1990's and 2000's, the Company's business mainly consisted of just two product lines, both of which were used to make printing ribbons Magnetic Ink Character Recognition (“MICR”) and Thermal Transfer Ribbons (“TTR”)
In November 2008, the credit crunch hit and the business suddenly vastly reduced, mainly in the United Kingdom TTR market As a result, TTR sales in the year to 30 September 2009 were 18% lower than the previous year at £720,000 The loss for that year was £156,000
Administrators' statement of proposals (2011-11-09) · Companies House register