Sterling Financial Print Limited (02273286): administration
- Status
- Administration ended
- Administration began
- 2023-04-21
- Administrators
- Andrew James Pear, Milan Vuceljic
- Administrators' firm
- Moorfields
- Incorporated
- 1988-07-01
- Location
- London
- Industry
- 18129 Printing n.e.c.
Why it went into administration
- COVID-19
- Sustained trading losses
- Cash flow / liquidity pressure
From the administrators' statement
Background to the Company
The Company was incorporated on 1 July 1988 for the purpose of providing specialist printing of corporate documentation in the finance sector. The Company employed 27 staff, previously trading from 14-16 Dowgate Hill, London, EC4R 2SU, albeit they vacated the premises following the Covid-19 Pandemic and expiry of the lease in January 2021. The Company subsequently operated fully remotely.
The Company achieved consistent turnover of c.£4m in the prior three years, however, during FY23, turnover reduced significantly to £1.8m as a result of the economic 2.2
Administrators' statement of proposals (2023-06-22) · Companies House register