C & F Solutions Limited (05381180): administration
- Status
- Administration ended
- Administration began
- 2016-08-04
- Formerly
- Tuckwood No. 127 Limited
- Incorporated
- 2005-03-03
- Location
- London
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Loss of a key customer, supplier or contract
- Brexit
- Competition / price pressure
From the administrators' statement
The history i have received from the Company Director is shown below. Please note that the history has not been amended in any way by the Joint Administrators.
C&F Solutions Ltd was started as a company in 2005. The company’s business activity was as a print purchasing operation acting on behalf of clients to produce and deliver a wide range of commercial printed matter. The company was staffed by 5/6 people who together had a wide spectrum of knowledge of the print and paper industry and many years of experience enabling the firm to purchase the client’s requirements more competitively than the client could themselves in many instances.
The business prospered and built a wide client base in a variety of different business areas but with an emphasis on the financial sector. The takeover of ABN Amro by RBS however dealt a heavy blow as all suppliers to ABN were dismissed and representing 70% of our turnover and a similar percentage of our profit the company was only saved by a draconian cost cutting and wage reduction process.
Administrators' statement of proposals (2016-10-05) · Companies House register