# Smith Print Design Ltd (03955037)

> Why UK company 03955037 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03955037

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03955037/filing-history/MzA0MTU4OTcyNWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03955037

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.