Columbia Marketing Limited (02430430): administration
- Status
- Administration ended
- Administration began
- 2013-06-05
- Administrators
- Anne Clare O'Keefe, Mark Nicholas Cropper, Peter Mark Saville
- Administrators' firm
- AlixPartners
- Formerly
- Rapid 9100 Limited
- Incorporated
- 1989-10-09
- Location
- Manchester
- Industry
- 46900 Non-specialised wholesale trade
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
The Company was a retailer and distributor of books, stationery and toys to predominantly trade customers.
The Company had historically been experiencing cash flow pressures due to declining turnover, exacerbated by an inability to source new stock for the business In October 2012, the Company acquired the business and assets of $J Webb and Sons Limited (Webb) from its administrators, transferring Webb’s staff to the Company and taking up occupation of its leasehold premises in Anglesey. Turnover increased only marginally as a result of this acquisition.
in late March 2013, the directors commenced informal marketing of the Company for sale and approached a number of parties about investing in, or acquinng, the Company.
Administrators' statement of proposals (2013-07-04) · Companies House register