The Oasis Graphic Company Limited (02798800): administration
- Status
- Administration ended
- Administration began
- 2020-11-30
- Administrators
- Francis F A Wessely, Christopher Newell
- Administrators' firm
- Quantuma
- Formerly
- Existmoney Limited
- Incorporated
- 1993-03-12
- Location
- Maidenhead
- Industry
- 74909 Other professional, scientific and technical activities n.e.c.
Why it went into administration
- COVID-19
- Bad debts / customer insolvency
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Brexit
From the administrators' statement
The following narrative to the background of the Company was provided by the director.
The Company originated in the exhibition and live events sectors although the Company recently broadened into specialized branded environments for retail experiences and office fit outs which made up 53% of turnover. The Company had produced bespoke projects for a number of high profile clients such as Sky, Burberry, Nike and BMW. The Company was trading successfully until around 2018 when creditors started to increase and performance reduced significantly.
The Company suffered financially in this period due to a downturn in business due to Brexit uncertainty, increases in material prices and smaller client marketing budgets. There were also some staffing issues resulting in material wastage and unnecessary overtime costs. This resulted in the Company falling behind with payments to HM Revenue & Customs (“HMRC”).
Administrators' statement of proposals (2021-01-21) · Companies House register