Pinstripe Print Limited (03556407): administration
- Status
- Administration ended
- Administration began
- 2018-10-24
- Formerly
- Property Express Midlands Limited
- Incorporated
- 1998-05-01
- Location
- Birmingham
- Industry
- 18129 Printing n.e.c.
Why it went into administration
- Sustained trading losses
- Competition / price pressure
- Weak consumer demand
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
From the administrators' statement
Pinstripe Print Limited was incorporated on 1 May 1998. Initially, the Company set out to supply a quality design and print service. At this time, the services comprised an artwork and design function, full reprographics, quality print and finishing. Since 1998 the company has secured the business of several major customers and developed a reputation for quality, service and reliability.
Pinstripe was well respected in the market place and worked under 11 Framework Agreements and several Preferred Supplier Agreements. The Company was based in the centre of Birmingham and worked with an enviable list of customers which included; West Midlands Combined Authority, NHS,
Birmingham City Council, and numerous Universities. The Company had traded successfully for a number of years and in order to maintain its position in the market place, funds of circa £1.1m had been invested since 2012. These funds helped to upgrade digital equipment and to purchase the latest Heidelberg Litho Press and Folder, in addition to other equipment. This enabled the continued growth of the Company, with turnover peaking at £2.26m in 2015.
Administrators' statement of proposals (2019-01-04) · Companies House register