Crown Cards Limited (01826042): administration
- Status
- Administration ended
- Administration began
- 2011-04-15
- Administrators' firm
- RSM
- Incorporated
- 1984-06-19
- Location
- Reading
- Industry
- 5190
Why it went into administration
- Weather / natural events
From the administrators' statement
The director, Tony Negal, commenced trading as a sole trader in 1973 as a wholesaler of greetings cards Trading was successful and therefore in 1984, Crown Cards Limited was incorporated The company traded as a wholesaler of greetings cards from premises in Bexleyheath which also incorporated a retail cash and carry facility
The company traded successfully for a number of years and by 2009 was achieving a turnover £2m per annum However over the last couple of years, in line with the card market generally, sales have declined and for the 11 month period to 28 February 2011 the Company had only achieved sales of £1 67m
Asummary of the Company's recent trading performance is shown below - Mgmt Accts Statutory Accts Statutory Accts
Administrators' statement of proposals (2011-06-13) · Companies House register