L T M Digital Limited (04152176): administration
- Status
- Administration ended
- Administration began
- 2011-12-12
- Administrators' firm
- B&C Associates
- Incorporated
- 2001-02-01
- Location
- London
- Industry
- 5263
Why it went into administration
- HMRC / tax arrears
From the administrators' statement
LTM Digital Ltd was an office reseller of photocopiers, mult: functional printers, audio visual systems and computer equipment The vast majority of sales were done through leasing companies/banks The Company would sell the equipment to the bank or leasing company and the leasing company/bank would have a contract with the customer and pay an agreed quarterly rental over a3 or 5 year term Often in these agreements would be settlements for the customers previous contracts for old office equipment This liability would either be paid by the Company or directly by the bank or leasing company
The Company started trading as a Konica Minolta Dealer and the majority of the goods sold compnsed Konica Minolta machines However, in recent years the Company started to sell both Olivetti and Konica Minolta machines The Company’s customer base 1s made up primarily of schools and local authority segments with around 20 % being limited and pic companies and charities As the business used banks and leasing companies
for its sales, a recent change in policy by these banks and leasing companies
Administrators' statement of proposals (2012-01-30) · Companies House register