# York Mailing (Holdings) Ltd (05765833)

> Why UK company 05765833 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05765833

- **Status:** Administration ended
- **Administration began:** 2022-06-15
- **Administrators:** Mark David Hodgett, Philip James Watkins
- **Administrators' firm:** FRP Advisory
- **Formerly:** Lupfaw 213 Limited
- **Incorporated:** 2006-04-03
- **Location:** Manchester
- **Industry:** 18129 Printing n.e.c.

## Why it went into administration

- COVID-19
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure

## From the administrators' statement

A detailed overview of the events leading to the appointment of the Joint Administrators is included in Appendix C, however a summary of the events is included below.

The Group had come under increasing financial pressure throughout 2021 due to the performance of the Web Print Divisions. Challenges were attributed to a combination of (1) inherent industry challenges and supply issues; and (2) challenges created by the COVID-19 pandemic.

As a consequence the Group was unable to service its facility with Pricoa, the primary lender who were owed in excess of £50m under cross guarantee security across the Group. As a result of ongoing Group losses, Pricoa introduced FRP to the Group in January 2022 to conduct an accelerated sales process.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05765833/filing-history/MzM0NDMxNjUxMGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05765833

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.