Crofton Clearview Limited (05165372): administration
- Status
- Administration ended
- Administration began
- 2014-03-03
- Administrators
- Geoffrey Paul Rowley, Anthony John Wright
- Administrators' firm
- FRP Advisory
- Formerly
- Crofton Mastrom Limited; Crofton Limited; LEO Management Services Limited
- Incorporated
- 2004-06-29
- Location
- London
- Industry
- 18129 Printing n.e.c.
Why it went into administration
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company operated from leasehold premises in Hoddesdon, Hertfordshire, as a Trade Point Of Sale supplier. Although it was incorporated in 2004, the Company as is was formed tn 2010 through the coming together of two printing companies At the date of Administration the Company employed seven members of staff. The directors are John Vinten, Mark Joseph, and Paul Reynolds The directors are also shareholders along with Ian Cobbold and Michael Pollock.
Difficult trading conditions, particularly in the last quarter of 2013, resulted in a cash crisis and substantial arrears with HM Revenue & Customs and others
The majority of the Company's fixed assets are aged and subject to finance Unencumbered assets comprise of residual machines, office furniture and a vehicle
Administrators' statement of proposals (2014-03-27) · Companies House register