MAP Marketing Limited (01470922): administration
- Status
- Administration ended
- Administration began
- 2022-11-08
- Administrators
- Mark Blackman, Benjamin John Wiles
- Administrators' firm
- Kroll
- Formerly
- Pitchfame Limited
- Incorporated
- 1980-01-03
- Location
- London
- Industry
- 18129 Printing n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Parent or group failure
From the administrators' statement
• Due to a combination of low sales, high loan and lease repayments, lower margins and higher running costs the Company experienced significant cashflow difficulties.
e = In August 2022, the Company was unable to keep up with payments to creditors and sought advice from Kroll. It was apparent the Company was insolvent on a cash flow basis, with significant arrears due to HMRC, deferred consideration under the MBO and trade and expense creditors.
Appointment
Administrators' statement of proposals (2022-11-22) · Companies House register