Printoff Graphic Arts Limited (01427926): administration
- Status
- Administration ended
- Administration began
- 2019-09-26
- Administrators
- Megan Singleton, Mark John Colman
- Administrators' firm
- Leonard Curtis
- Incorporated
- 1979-06-12
- Location
- Preston
- Industry
- 18129 Printing n.e.c.
Why it went into administration
- Bad debts / customer insolvency
- Property / lease costs
- Sustained trading losses
From the administrators' statement
« The business has faced significant bad debts totalling around £75,000 since 2016;
e — In early 2019, the Company sold a proportion of its printing equipment which generated around £50,000 less than anticipated;
« — The Company was still utilising equipment which could not be moved from the old premises, as such, it was paying additional rent;
Administrators' statement of proposals (2019-11-06) · Companies House register