Wessex Labels Limited (03017997): administration
- Status
- In administration
- Administration began
- 2023-07-10
- Administrators
- Nicola Elaine Layland, Carl Derek Faulds
- Administrators' firm
- Leonard Curtis
- Incorporated
- 1995-02-03
- Location
- Fareham
- Industry
- 18121 Manufacture of printed labels
Why it went into administration
- COVID-19
- Regulatory change or action
- Competition / price pressure
- Property / lease costs
- Sustained trading losses
- Rising interest rates
From the administrators' statement
The company was incorporated in February 1995 by the current director, Mark Ralph and his father Joseph Ralph. It specialised in label printing for the food packaging industry, providing labels for sandwiches, bakeries, farm produce and cake wrappers.
The company has historically been funded via debt financing agreements with various institutions, latterly with RBS Invoice Finance Ltd (“RBSIF”) which was granted a debenture over the assets of the company on 3” April 2018.
On 31st December 2000, Joseph Ralph resigned as a director and Martin Clarke was appointed in his stead.
Administrators' statement of proposals (2023-09-02) · Companies House register