Smith Print Design Ltd (03955037): administration
- Status
- Administration ended
- Administration began
- 2011-06-08
- Incorporated
- 2000-03-20
- Location
- Gateshead
- Industry
- 2123
Why it went into administration
- Cash flow / liquidity pressure
- Competition / price pressure
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
From the administrators' statement
Smith Print was established as a printing business over 170 years ago Since that time it has undergone a number of ownership and relocation changes, and as noted below was taken over by the current shareholders following an administration in 2000
In 1998 due to redevelopment at its premises the business relocated from a site at South Shore Road, Gateshead to its current site at the Metro Riverside Park
The current owners bought the business from administrators in March 2000, with the intention of continuing to run the Company as a printing business Following the purchase the owners made significant levels of investment throughout the Company, including modernisation which allowed the Company to keep pace with new technologies and innovations within the print industry In turn this allowed the Company to realistically compete with large industry competitors The current directors were not involved in any way with the previous company, Smith Print Group Limited
Administrators' statement of proposals (2011-08-04) · Companies House register