C & D Realisations Limited (01563088): administration
- Status
- Administration ended
- Administration began
- 2017-05-23
- Administrators
- Siann Huntley, Andrew Howard Beckingham
- Administrators' firm
- Leonard Curtis
- Formerly
- Calendars & Diaries of Bristol Limited; Frith Limited
- Incorporated
- 1981-05-20
- Location
- Bristol
- Industry
- 18129 Printing n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Pension deficit
From the administrators' statement
3.1 The Company was incorporated in May 1981 and began trading from premises at Hope Road, Bedminster, Bristol, having aquired the orignal business from the Dickinson Robinson Group as part of a management buy out. The principal trading activity of the Company was the production of calendars, diaries and promotional gifts.
3.2 The Company has historically operated a seasonal overdraft facility with significant lending required over Summer/Autumn months during the peak production period, with circa 67% of sales in the final three calendar months. Lending over recent years has been requested at circa £850k with peak historic borrowing of circa
3.3 Due to the highly seasonaf nature of the Company’s core products, the maturity of the market, and the large demand for working capital, the Company's long term strategy was to develop less seasonal products. The natural synergy with the Company's existing manufacturing capabilities was to develop high end, added value printed products.
Administrators' statement of proposals (2017-06-14) · Companies House register