Swift Book Distribution Limited (03226839): administration
- Status
- Administration ended
- Administration began
- 2013-01-29
- Formerly
- Dolphin Books and Gifts Ltd.
- Incorporated
- 1996-07-18
- Location
- London
- Industry
- 52103 Operation of warehousing and storage facilities for land transport activities
Why it went into administration
- Property / lease costs
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Sustained trading losses
- Loss of key people
From the administrators' statement
The Company was incorporated on 18 July 1996 and its business was predominately utilised as a vehicle for the storage, collection and distribution of books for various companies within the publishing industry.
The Company was formed at a time when the management of Grange Books Limited (‘Grange’) found it difficult to cope with the influx of orders and required a separate entity to deal with the distribution side of books.
It should be noted that the director of the Company, Mr Ash, is also the sole director of Grange.
Administrators' statement of proposals (2013-04-02) · Companies House register