Alderson Print Group Limited (04527059): administration
- Status
- Administration ended
- Administration began
- 2013-04-02
- Administrators
- Nicola Joanne Meadows, M Smith
- Administrators' firm
- Insolvency Practitioner of Dains
- Formerly
- Alderson Properties (Holdings) Limited
- Incorporated
- 2002-09-05
- Location
- Birmingham
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Sustained trading losses
- Cash flow / liquidity pressure
- Property / lease costs
- Rising interest rates
From the administrators' statement
APG was the parent and holding company of the Alderson print trading businesses, Alderson Brothers Printers Ltd ("ABP"), ABP Web PLC ("ABPW"), Alderson Digital (London) Ltd (‘ADL”), Don Dawson PLC (“OonD") and Alderson Paint of Sale Ltd (‘APOS”)
Page 3
APG was formed as the trading businesses grew and property began to be acquired In 2006 a 5 year plan was implemented, which consolidated the businesses into one 5-acre site, with bespoke premises being built for the ABPW business, funded by the sale of buildings already owned and a new mortgage facility with Barclays.
Administrators' statement of proposals (2013-06-17) · Companies House register