The Franking Machine Company Supplies Limited (02673780): administration
- Status
- Administration ended
- Administration began
- 2012-12-07
- Administrators
- Paul Nicholas Dumbell, David James Costley-Wood
- Administrators' firm
- KPMG
- Formerly
- Data Protection Limited
- Incorporated
- 1991-12-23
- Location
- Manchester
- Industry
- 82190 Photocopying, document preparation and other specialised office support activities
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
Supphes was incorporated on 23 December 1991, with Finance incorporated on 2 November 1993
Both Companies are jointly owned by the Directors, with each owning 50% of each company The same two individuals are also directors of the Companies, Simon Goodman 1s also Company Secretary of the Companies
Supplies sources franking machines from third party suppliers, mainly Pitney Bowes, and can modify them according to customers’ specifications Some machines are sold directly to customers but most are sold to Finance when a customer signs up to an operating lease At the date of appointment there were approximately 1,000 such customers, who all leased machines with 0-6 25 years remaining on the leases
Administrators' statement of proposals (2013-02-07) · Companies House register