Acics Limited (05709792): administration
- Status
- Administration ended
- Administration began
- 2021-12-01
- Administrators
- Timothy Vance, Samuel James Woodward
- Administrators' firm
- EY
- Formerly
- De Facto 1335 Limited
- Incorporated
- 2006-02-15
- Location
- Leeds
- Industry
- 70100 Activities of head offices
Why it went into administration
- Property / lease costs
From the administrators' statement
The Company was part of the Adare Group, which was, until 1 November 2021, made up of six companies, only one of which traded, being Adare SEC.
Adare SEC is the fourth largest transactional mail provider in the UK, providing a suite of traditional print and digital products and services to deliver end-to-end communication solutions for its customers. It provided its services to customers in a wide range of sectors, including Banking, Financial, Insurance, Retail, Utilities and Public Sector.
Adare SEC and its subsidiary Adare SEC (Nottingham) Limited were sold via a solvent equity share sale to Opus on 1 November 2021 (“the Transaction’).
Administrators' statement of proposals (2022-01-26) · Companies House register