SPS Print Group Limited (03533215): administration
- Status
- Administration ended
- Administration began
- 2017-11-10
- Administrators
- James Alexander Snowdon, John Anthony Dickinson
- Administrators' firm
- Grant Thornton
- Formerly
- Screen Printing Specialists Limited; Runico Limited
- Incorporated
- 1998-03-24
- Location
- London
- Industry
- 17290 Manufacture of other articles of paper and paperboard n.e.c.
Why it went into administration
- Creditor pressure / legal action
- Parent or group failure
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Weather / natural events
From the administrators' statement
The Company's predecessor business, Screen Printing Specialists Limited, was established by Ian Martin on 6 August 1968 and transferred to the Company shortly after its incorporation on 24 March 1998. The Company has since traded as a printing company providing Point-of-Sale products to a predominantly retail client-base
The Company was initially engaged in solely providing point of sale displays, however, under the management of the current Directors, the Company expanded its offerings to include a more extensive range of services to clients with a ‘retail specialism’, including design, printing (litho, screen and digital), storage and distribution.
The Company expanded its technological offerings in the financial year ended 30 April 2008, with investment into a software division named ‘Mauve’, to complement its print and design offerings.
Administrators' statement of proposals (2017-11-30) · Companies House register