The Data Marketing Agency Limited (06735837): administration
- Status
- Administration ended
- Administration began
- 2012-05-10
- Administrators
- John Arthur Kirkpatrick, David William Tann
- Administrators' firm
- Nortons Recovery
- Incorporated
- 2008-10-28
- Location
- Reading
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
- Property / lease costs
From the administrators' statement
The Company was incorporated in October 2008 as an independent specialist data and direct marketing agency Prior to 2011 the shareholders of the Company were Mark Honeybali, Peter Jenkins and Brent Osborne who were also directors along with Marion Dowling In September 2011 the whole of the share capital was acquired by Mark Honeyball, with Peter Jenkins, Brent Osborne and Marion Dowling resigning as directors
Funding against the sales ledger was obtained from Gener8 Finance Ltd (“Gener8”) and this is secured by a debenture over the assets of the Company
A summary of the company’s recent trading performance is shown below
Administrators' statement of proposals (2012-06-18) · Companies House register