Encore Print and Promotions Ltd (03967913): administration
- Status
- Administration ended
- Administration began
- 2013-02-12
- Administrators
- David Michael Clements, Paul Robert Boyle
- Administrators' firm
- Harrisons Business Recovery and Insolvency
- Incorporated
- 2000-04-07
- Location
- Letchworth Garden City
- Industry
- 18129 Printing n.e.c.
Why it went into administration
- Loss of a key customer, supplier or contract
- Competition / price pressure
From the administrators' statement
The narrative contained within this section has been extracted from information provided by Alan Marshall CAM’), 2 director of the Company and we the Administrators have not independently verified its content and do not accept any responsibility for its accuracy.
The Company started trading as a partnership as a print and design business in 1997 and incorporated in 2000. The Company was formed by AM and Denis Clarkson (DC) on 27 April 2000 and operated from the premises detailed by Section 1 of this report. Both directors had worked in the print industry for a number of years and believed that a large number of clients would follow with them from the partnership to the Company.
Historically the Company met is cashflow requirements by seeking either a factoring or invoice discounting agreements during trading, these have been entered in to with Lloyds TSB plc, RBS Invoice Finance and finally with SME Each facility being settled before entering into the next. Also in 2009 an overdraft was agreed with National Westminster Bank pic in the sum of £13K which still has a balance outstanding
Administrators' statement of proposals (2013-04-17) · Companies House register