The Print Factory (London) 1991 Limited (02611994): administration
- Status
- In administration
- Administration began
- 2010-02-17
- Administrators
- David John Standish, Allan Watson Graham
- Administrators' firm
- KPMG
- Incorporated
- 1991-05-13
- Location
- London
- Industry
- 2222
Why it went into administration
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Parent or group failure
- Funding withdrawn / unable to refinance
- Competition / price pressure
From the administrators' statement
The background and events leading to the administrations were summarised in the sale of business memorandum (attached in appendix 5) sent to all known creditors on 22 February 2010 This information 1s presented again below
The Print Factory (London) 1991 Limited (“the Company” or “TPF”) had two trading subsidiaries, DSR Group Limited (“DSR”) and Reelform 2007 Limited (“Reelform”), which operated as a Group providing printing (“Manuco”) and print management business (“BPO”) from three leasehold and two freehold sites in the UK Manuco and BPO were not separate legal entities, but their activities were spread across the Group
During 2008 and 2009 the Group expenenced a significant downturn in trade, including the loss of Sky as a key customer Despite attempts to restructure the cost base and secure new business the Group was unable to adequately reduce its debts
Administrators' statement of proposals (2010-04-15) · Companies House register