Timscris Reader Offers Limited (02943898): administration
- Status
- Administration ended
- Administration began
- 2011-10-05
- Incorporated
- 1994-06-29
- Location
- Gateshead
- Industry
- 5261
Why it went into administration
- Sustained trading losses
- Weak consumer demand
- HMRC / tax arrears
From the administrators' statement
The company was incorporated on 29 June 1994 The company was established as a product sourcing and mail order fulfilment company and initially worked with the Mail on Sunday before expanding to all national newspapers in the ten years that followed By 2005 the company had expanded to working with magazine groups including BBC Worldwide, IPC Media and the National Magazine Company as well as establishing its own brand, Lifestyles Direct
The company specialised in sourcing branded and non-branded house and garden wares, as well as gifts and “gadget products” sold via media reader offers in print, catalogues and via websites With an active portfolio of 250 lines at any one time and recognised speciality In brands and bedding, Timscris was one of the leading suppliers in the industry
Prior to the administration, the registered office of the company was H3 Kinghts Park, Knights Road, Strood, ME2 2LS The company operated from Strood, Kent where it had three warehouse units which included office and storage space The company's accounts and creative departments operated out of these premises The company had additional premises in Wandsworth
Administrators' statement of proposals (2011-12-05) · Companies House register