M P Group Limited (02118163): administration
- Status
- Administration ended
- Administration began
- 2019-01-28
- Administrators
- Matthew Robert Haw, Damian Webb, Duncan Robert Beat
- Administrators' firm
- RSM
- Incorporated
- 1987-04-01
- Location
- London
- Industry
- 70100 Activities of head offices
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Parent or group failure
- Competition / price pressure
From the administrators' statement
Brief background The Company was incorporated by Stanley Lett and commenced to trade on 1 April 1987, trading from Princes Street, Bexleyheath, Kent, DA7 4BJ.
The Company is the parent company of Marstan Press Limited(the) (‘MPL’), the other connected company is Marstan Press Holdings Limited.
Prior to appointment of the Administrators MPL had 54 employees, comprising of printing staff, sales and purchases team, finance team and a business development team. MPL offered a range of services including litho print, digital print, foil blocking and packaging. Serving various markets, supplying councils, schools and local businesses.
Administrators' statement of proposals (2019-04-09) · Companies House register