Nationwide Mailing Limited (05618917): administration
- Status
- Administration ended
- Administration began
- 2011-10-21
- Administrators
- Andrew Appleyard, Dilip K Dattani
- Administrators' firm
- RSM
- Incorporated
- 2005-11-10
- Location
- Enderby
- Industry
- 6412
Why it went into administration
- Loss of a key customer, supplier or contract
- Over-expansion / investment not recovered
- Competition / price pressure
From the administrators' statement
The Company was incorporated in November 2005 and operated as a direct mail company from premises in Woodston, Peterborough The business grew quickly recording a small profit of £2,500 in its first financial year, followed by a net profit of £82,000 to 31 March 2008
The rapid expansion of the business meant that tt soon outgrew its original premises at Unit 1, and a move to the much larger premises at Unit 2 was the only option Although the expansion proved costly, Unit 2 was designed and equipped to cut staffing levels (agency) and produce more work per hour Despite a significant rise in overheads as a result of the move, the Company still managed to achieve a net profit of £21,000 to 31 March 2009
The Company continued to trade profitably through 2010 despite the recession achieving a net profit £55,000
Administrators' statement of proposals (2011-12-20) · Companies House register