Printselect Limited (02582063): administration
- Status
- Administration ended
- Administration began
- 2012-05-03
- Administrators
- Neil John Mather, Vivian Murray Bairstow
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1991-02-13
- Location
- London
- Industry
- 2213
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
From the administrators' statement
Directors’ Company History
The Company was incorporated by Michael Finlay in 1991 offenng digital pnnting services operating from premises in East London Thirteen employees were generally employed by the Company including three directors overseeing the day to day nunning of the business
The Company traded successfully untl late 2011, with good quality clientele and strong accreditations However, the recession and generally detenorating economic conditions resulted in debtors settling invoices late with several sales invoices remaining unpaid This caused concem for GE Heller Limited (“GE Heller”) who at the time provided a factonng agreement to the Company and a number of invoices became disapproved, causing cashflow difficulties for the business
Administrators' statement of proposals (2012-07-02) · Companies House register