ACP Realisations Limited (04398002): administration
- Status
- Administration ended
- Administration began
- 2024-11-14
- Administrators
- Christopher Newell, Nicholas Simmonds
- Administrators' firm
- Quantuma
- Formerly
- Ashford Colour Press Limited; Ashcol Limited
- Incorporated
- 2002-03-19
- Location
- Watford
- Industry
- 18129 Printing n.e.c.
Why it went into administration
- COVID-19
From the administrators' statement
As above, the Company experienced financial difficulties following the covid lockdowns. The initial trading period following the lockdowns was good as customers were making up for the closed period, but also (as it turns out) over ordering.
The overordering had a detrimenta! impact on new orders being placed and more recently caused cash flow issues. By October 2024, it had become apparent that the Company required funding above the level available to it by its bank and neither the Company nor its investors were in a position to advance the funding required to pay the suppliers.
Quantuma Advisory Limited were first approached by the Company on 15 October 2024 and subsequently formally instructed via engagement letter on 8 November 2024.
Administrators' statement of proposals (2025-01-10) · Companies House register