Severnprint Limited (01317797): administration
- Status
- Administration ended
- Administration began
- 2024-02-08
- Administrators
- Alexander Kinninmonth, James Prior
- Administrators' firm
- FRP Advisory
- Incorporated
- 1977-06-20
- Location
- Salisbury
- Industry
- 17230 Manufacture of paper stationery
Why it went into administration
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 20 June 1977 and operated as a printing business, with a particular specialism in the printing of books. The Company traded from leasehold premises at Units 8-11, Ashville Industrial Estate, Bristol Road, Gloucester, GL2 5EU and employed 38 staff prior to cessation of trade.
In addition, there is a fixed and floating charge dated 31 October 2018 in favour of Santander, which is owed c.£127,275.
The Company’s book debts are currently assigned to Paragon, which was owed c. £645,651 as at the date of appointment, which we understand has now reduced as a result of debtor collections to c.£145,000. This liability is further secured via a fixed and floating charge over the Company’s assets. The charge in favour of Paragon was registered at Companies House dated 19 May 2023.
Administrators' statement of proposals (2024-04-10) · Companies House register