RNB (Group) Limited (05409736): administration
- Status
- Administration ended
- Administration began
- 2024-08-21
- Administrators
- Louise Longley, Robert Alexander Henry Maxwell
- Administrators' firm
- Begbies Traynor
- Formerly
- RNB Direct Mail Solutions Limited
- Incorporated
- 2005-03-31
- Location
- Leeds
- Industry
- 53100 Postal activities under universal service obligation
Why it went into administration
- COVID-19
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 31 March 2005 as a full service solution and platform to deliver services for clients in print, direct mail and fulfilment requirements, working with organisations across all sectors to fulfil their needs. The Company began to trade in March 2005 and has since developed from a small operation to its current position operating out of its 60,000 sq. ft. warehouse in Leeds.
The Company operated as a stand-alone business, with all eight of its service lines operated from the same entity. The Company's operations are run from a singular leased premises on the outskirts of Leeds, which has extensive printing machinery and personnel to deal with its customers’ printing and mail requirements.
The Company became involved with delivery of information and other paperwork relating to payment protection insurance (“PPI”) claims that came to light in the early 2010s. The Company took on contracts relating to the advertisement and delivery of PPI claims. This work made up a large proportion of the Company's workload for a number of years and enabled the Company to become established within the industry. At its peak, this work accounted for £500k of the Company’s monthly £1m revenue, growing to a workforce of over 80 to deal with the demand.
Administrators' statement of proposals (2024-09-04) · Companies House register