Video Duplicating Company Limited(The) (01514005): administration
- Status
- Administration ended
- Administration began
- 2014-12-22
- Administrators' firm
- FRP Advisory
- Formerly
- Strawpeg Limited
- Incorporated
- 1980-08-22
- Location
- Brentwood
- Industry
- 18202 Reproduction of video recording
Why it went into administration
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Video Duplicating Company Limited (“the Company” or “VDC”) was incorporated on 22 August 1980 and was the largest independent optical disc replicator based in the UK. The Company was seen as a pioneer during the early years of CD and DVD production. At its peak, VDC was producing and dispatching approximately 400,000 CD/DVDs a day for clients including major UK broadcasters, film, TV and music producers, supplying to major supermarkets as well as independent retailers.
The Company has five directors, Vinod Kumar Mohindra (“VKM"), Sanjay Vinod Kumar Mohindra (“SVKM”), Viresh Kumar Mohindra ("VM"), together with Ashwin Bedi (“AB”) and Ramesh Jethani ("RJ") Operationally, the directors fulfilled the following key roles:-
• VKM — Involved in all key decistons at board level. Maintains ultimate controlling interest in the Company and also a secured creditor (see comments below).
Administrators' statement of proposals (2015-02-17) · Companies House register