Print Search Chester Limited (02278711): administration
- Status
- Administration ended
- Administration began
- 2015-12-22
- Administrators
- Jason Dean Greenhalgh, Paul Stanley
- Administrators' firm
- Begbies Traynor
- Formerly
- Nowhour Limited
- Incorporated
- 1988-07-20
- Location
- Manchester
- Industry
- 18129 Printing n.e.c.
Why it went into administration
- Loss of a key customer, supplier or contract
- Competition / price pressure
- Cash flow / liquidity pressure
- Property / lease costs
- Sustained trading losses
From the administrators' statement
The directors have provided the following information in relation to the lead up to the Company's insolvency Background Information
The Company was a major supplier of print and direct mail services to the whole of the UK The Company was incorporated in 1988 and has successfully traded for over 27 years The Company traded from its registered office in Bromborough, and had built strong relationships with its customers over the years
In the early 2000's, a major contract with Alliance & Leicester was acquired, whereby the Company was the sole provider of all of ther payment cards, however in 2009, following the takeover of Alliance & Leicester by Santander, this contract was lost, resulting in an immediate reduction in turnover of 50-60% Around 12 employees were made redundant as a result of this lost revenue
Administrators' statement of proposals (2016-01-26) · Companies House register