GB EYE Ltd (02703490): administration
- Status
- In administration
- Administration began
- 2024-12-23
- Administrators
- Robert Neil Dymond, Philip Stone, Kris Anthony Wigfield
- Administrators' firm
- Begbies Traynor
- Formerly
- G B Posters Limited; G.B. Posters & Publications Ltd.; Dancemarket Limited
- Incorporated
- 1992-04-03
- Location
- Northampton
- Industry
- 46900 Non-specialised wholesale trade
Why it went into administration
- COVID-19
- Loss of a key customer, supplier or contract
- Brexit
From the administrators' statement
The Company was incorporated on 3 April 1992 under the name of Dancemarket Limited with the principal activity being the sale of posters to shops and foreign wholesalers. The Company later went through a series of name changes as it widened its product lines to the market. In 2005 it changed its name to GB Eye Limited.
In February 2021 the Company’s shareholding was acquired by Abysse Corp (an overseas entity) as part of their wider group global strategy, with the commitment to creating, manufacturing and distributing a wide range of ‘geek’ products under the plethora of licenses which the wider group held.
The Company’s new ownership resulted in a new management structure. By the end of 2021, the Company was reporting pre-tax profits of £628,849. This enabled the Company to take a new warehouse facility and increase its product lines by securing several distribution licences to sell a wide range of film and television merchandise.
Administrators' statement of proposals (2025-01-30) · Companies House register