Cedar Colour Limited (01380833): administration
- Status
- Administration ended
- Administration began
- 2014-12-17
- Administrators
- Philip Lewis Armstrong, Philip James Watkins
- Administrators' firm
- FRP Advisory
- Incorporated
- 1978-07-27
- Location
- London
- Industry
- 18129 Printing n.e.c.
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Credit insurance / supplier credit withdrawn
From the administrators' statement
The Company was incorporated in 1978 and operated as a commercial printer, providing full colour litho printing from freehold premises in Chandlers Ford Southampton, employing 43 staff. The Company was funded through an invoice finance agreement with Lloyds Bank Commercial Finance (“LBCF”) and additional funding from G W Martin & Co Limited, holder of a third ranking floating charge and second charge on the freehold, this company owned by Graham Martin, a former director of Cedar The freehold premises were subject to a mortgage of £1.1m with Barclays Bank PLC.
The traditional print market continues to face two challenges, one cyclical due to economic turndown and the other structural due to digital media and the use of the internet as a publication media
FRP AcMisory LLP is incorporated in England and Woles under the Linnted Liability Partnerships Act 2000 as a Umited Ucoitly Porinership Farinersine Number OC355680 Registered office 110 Cannon Street London EC4N 6EU A list of mambers names is open to inspection at this address ww
Administrators' statement of proposals (2015-02-19) · Companies House register