CDI Realisations 2021 Limited (03665960): administration
- Status
- Administration ended
- Administration began
- 2021-01-07
- Administrators
- David Robert Acland, Paul Andrew Whitwam
- Administrators' firm
- FRP Advisory
- Formerly
- Creative Digital Images Limited
- Incorporated
- 1998-11-11
- Location
- Preston
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- COVID-19
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Sustained trading losses
From the administrators' statement
The Company was incorporated in October 1998 and remained dormant until May 2009 when it acquired the assets of an insolvent business which was subject to a Creditors Voluntary Liquidation. The Company operated as a bespoke printing and print finishing company specialising in large format digital and screen printing, mainly to the retail sector.
The Company’s original core business was large format screen and digital printing, though the Company developed into a card display company which generated 70% of the turnover. The Company’‘s client base is formed from many of the country’s leading design agencies and ‘blue chip’ customers. The Company operates from purpose built leasehold premises situated at Unit 8, Millersdale Close, Euroway Trading Estate, Bradford, BD4 6RX. The property is owned by the Namulas Pension Trustees, the Director is the beneficiary of the fund. The term of the lease is 15 years from 1 May 2009. The Company is a wholly owned subsidiary of CDIHL and employs 36 staff with John Charman appointed as the sole director.
Administrators' statement of proposals (2021-01-27) · Companies House register