# The Franking Machine Company Finance Limited (02868280)

> Why UK company 02868280 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02868280

- **Status:** Administration ended
- **Administration began:** 2012-12-07
- **Administrators:** Paul Nicholas Dumbell, David James Costley-Wood
- **Administrators' firm:** KPMG
- **Incorporated:** 1993-11-02
- **Location:** Manchester
- **Industry:** 64910 Financial leasing

## Why it went into administration

- Funding withdrawn / unable to refinance

## From the administrators' statement

Supphes was incorporated on 23 December 1991, with Finance mcorporated 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

Supphes 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 appomtment there were approximately 1,000 such customers, who all leased machines with 0-6 25 years remaining on the leases

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02868280/filing-history/MzA3MjQ0MzgxOGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02868280

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.