Victoria Litho Limited (04259846): administration
- Status
- Administration ended
- Administration began
- 2018-02-14
- Administrators' firm
- KRE Corporate Recovery
- Formerly
- Victoria Realty Limited; Victoria Litho Limited; Victoria Realty Limited; GW 543 Limited
- Incorporated
- 2001-07-26
- Location
- Reading
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
3.1 As indicated above, the company was established in 2001 and up to the recent past traded profitably.
3.2 You will note from the extract of accounts above that since the year ended 31 March 2016, the company has returned increasing losses. These losses have been covered, to a certain extent, by capital reserves. Management confirms that the recent losses are as a result of the loss of a number of customers due to the shift, in the recent past, to “inhouse” lithographic and digital reproduction on a smaller scale.
3.3
Administrators' statement of proposals (2018-04-12) · Companies House register