Concisely Office Supplies Limited (04183343): administration
- Status
- Administration ended
- Administration began
- 2012-02-13
- Formerly
- Assetguild Limited
- Incorporated
- 2001-03-20
- Location
- Woodford Green
- Industry
- 6522
Why it went into administration
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated on 20 March 200! as Assetguild Limited On 14 June 2001 its name was changed to Concisely Office Supplies Limited Susan Anne Parmenter was appointed as sole director but resigned as such on 31 August 2008 Bernard Parmenter was appointed as director on 6 April 2004
The principal activity of the Company was that of a wholesaler of stationery and office supplies The company had been trading well and its turnover for the year ended 31 July 2007 was £1,623,226 with a net profit of £11,819 For the year to July 2008, the turnover was £1,926,898 and the net profit was £5,125
Turnover for the year to July 2009 was £1,895,787 and the net profit was £1,487 However, the recession started to affect the business and 1n order to survive, the director reduced the company’s profit margins For the year ended July 2010 the company achieved a turnover of £1,998,889 and made a small net loss of £1,743 Also in June 2010, three members of the sales team left the company and joined a print company who wanted to expand its stationery business This move was supported by some of the trade suppliers and this team extracted a significant amount of sales from the company During 2011 another sales agent specialising in office furniture started his own business which had a similar effect
Administrators' statement of proposals (2012-03-26) · Companies House register