# L T M Digital Limited (04152176)

> Why UK company 04152176 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04152176

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04152176/filing-history/MzA1MTU1MDUxOWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04152176

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