Atlantic Creative Solutions Limited (02552678): administration
- Status
- Administration ended
- Administration began
- 2016-03-11
- Administrators
- David Michael Clements, Paul Robert Boyle
- Administrators' firm
- Harnsons Business Recovery and Insolvency
- Formerly
- A.D.P. Marketing Limited; Urbanlayer Limited
- Incorporated
- 1990-10-26
- Location
- Reading
- Industry
- 18129 Printing n.e.c.
Why it went into administration
- Credit insurance / supplier credit withdrawn
- Competition / price pressure
From the administrators' statement
The Company was established 26 years ago in October 1990 and was set up by Anthony Wheeler (the Director’).
Tts main business wes to provide design, marketing services and graphic signage to the food and beverage Industry. During the early years the Company quickly made a name for itself and the Directors landed some biue chip clients. Their expertise grew over the years and the business grew as a result.
The Company banked with Lloyds Bank pic and had an overdraft of £15,000 and a government loan of approximately £60,000. The Company entered into an invoice discounting agreement with Bibby Financial Services Limited who provided funding agalnst the debtors. Over the years a significant amount of investment has been put Into the business to fund Its growth, mostly by Anthony Wheeler
Administrators' statement of proposals (2016-03-29) · Companies House register