The Bramwell Label Company Limited (03000676): administration
- Status
- Administration ended
- Administration began
- 2016-04-19
- Administrators' firm
- Begbies Traynor
- Formerly
- Tawehill Limited
- Incorporated
- 1994-12-12
- Location
- Manchester
- Industry
- 18129 Printing n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Over-expansion / investment not recovered
From the administrators' statement
The Company had previously traded successfully for a number of years, however in recent months sales had dropped significantly Sales over the last 3 months were 39% down on the previous year, and sales over the last 6 months were 25% down on the previous year
One of the main reasons for the drop in sales was the loss of 2 major accounts One customer took the decision to have their labels printed abroad, whilst another ceased trading during 2015 Furthermore, the Company's largest customer had driven prices down on a number of products, meaning that profit margins were continuing to decrease
All of the above contnbuted to a decrease in turnover of £400,000 dunng 2015
Administrators' statement of proposals (2016-06-22) · Companies House register