Rapid Envelopes Limited (03886643): administration
- Status
- Administration ended
- Administration began
- 2017-03-08
- Administrators' firm
- Begbies Traynor
- Formerly
- Salejust Limited
- Incorporated
- 1999-12-01
- Location
- Birmingham
- Industry
- 17230 Manufacture of paper stationery
From the administrators' statement
The Company was incorporated on 1 December 1999 by Andrew Batchelor and Dean Baitey (‘the Directors”). The Directors had over 30 years experience of the envelope manufacturing sector having worked for other leading UK manufacturers. With funding provided by investors, who were also shareholders initially, the Company started trading in April 2000. The premises were located at Atcham Business Park, Shrewsbury, Shropshire, SY4 4UG.
The Company began trading with one envelope machine supplying UK based customers including banks, insurance companies and mailing houses. The Company grew very quickly in the first two years and the capacity was therefore increased through the purchase of two more envelope machines during this period. The Company obtained finance to assist with this growth strategy.
As time has moved on, the envelope industry has become an increasingly difficult market place with overall envelope usage levels dropping dramatically as a result of modem technology, in particular, email communication. The Company managed to survive these changing market conditions for many years whilst the industry, as a whole, reduced significantly. However, in the trading last year, with a weak pound significantly increasing raw material costs and growing difficulties sourcing the supply of paper to the UK market, the Company was facing growing financial pressure and could not sustain trading in these conditions.
Administrators' statement of proposals (2017-05-16) · Companies House register