Advent Colour Limited (03579374): administration
- Status
- Administration ended
- Administration began
- 2014-05-01
- Administrators' firm
- Quantuma
- Formerly
- FW2 Limited
- Incorporated
- 1998-06-05
- Location
- Cleckheaton
- Industry
- 17230 Manufacture of paper stationery
Why it went into administration
- Competition / price pressure
- Creditor pressure / legal action
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Credit insurance / supplier credit withdrawn
From the administrators' statement
The Company was incorporated in June 1998 by Christopher Watts and Roy Smith In June 2000, the business began suffering financial difficulties and was purchased by Advent Digital Imaging Limited (“ADIL”), which was a large creditor of the Company at that tme ADIL is controlled by the De Marco and Ackerman families, who became directors of the Company following the acquisition
The Company operated as a commercial! printer with a particular focus towards the printing of colour brochures, magazines and leaflets ADIL prepares pre-press art for the Company (1e plates and digital art work) and also owns the Company's main trading premises
The Company operates from two sites on and near the East Portway Industrial Estate in Andover, the main premises is owned by ADIL, whilst the premises which houses the Company's print finishing facility is owned by a third party landiord There are no formal leases in place for either of these premises
Administrators' statement of proposals (2014-05-23) · Companies House register