# Maurice Payne Colourprint Limited (01825803)

> Why UK company 01825803 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01825803

- **Status:** Administration ended
- **Administration began:** 2011-06-28
- **Administrators:** Adam Jordan, Nickolas Garth Rimes
- **Administrators' firm:** The Wilkes Partnership
- **Formerly:** Maurice Payne Colour Limited; Bradleys (Reading) Limited; Quirespur Limited
- **Incorporated:** 1984-06-19
- **Location:** Fareham
- **Industry:** 2222

## Why it went into administration

- Property / lease costs
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Bad debts / customer insolvency

## From the administrators' statement

The company was incorporated in 1984 as a lithographic printing company and traded from 12 Exeter Way, Theale Commercial Estate, Theale, Reading, Berkshire, RG7 4PF

The company traded strongly over the years supplying high quality print to a large and increasingly blue chip clent base with turnover increasing year on year However between 2008 and 2010 the company suffered bad debts and the loss of a number of major accounts The core customers who continued to trade with the company did so but at reduced prices

As the economy suffered there was a direct impact on supplier prices and the company suffered a rise of 20% in the cost of paper which coupled with reductions in payment terms and credit lines made trading very difficult

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01825803/filing-history/MzA0Mjc5NDgyMmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01825803

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.