Alpha Media Solutions Ltd (05741193): administration
- Status
- Administration ended
- Administration began
- 2013-07-24
- Administrators' firm
- Baker Tilly Restructuring & Recovery
- Incorporated
- 2006-03-13
- Location
- Leeds
- Industry
- 17290 Manufacture of other articles of paper and paperboard n.e.c.
Why it went into administration
- Loss of a key customer, supplier or contract
- Credit insurance / supplier credit withdrawn
- Bad debts / customer insolvency
- Sustained trading losses
- Property / lease costs
From the administrators' statement
The Company traded profitably until 31 March 2012, at which date it reported curnulative profits of £738,000 From June 2012 the level of business provided by the major customer under the terms of its long term contract with the Company began to diminish and in October 2012 this customer unilaterally terminated its contract with
Baker Tilly Restructuring & Recovery LLP I 11 September 2013
the Company The directors took legal advice and were advised that the customer was in breach of contract and they were therefore hopeful that they could negotiate for sales to be restored to thew former level or for a settlement to be reached No such agreement was reached, however, and the circumstances of the termination of this contract therefore remained the subject of a legal dispute as at the date of the Administrators’ appointment
Administrators' statement of proposals (2013-09-24) · Companies House register