Templar Marketing Services Limited (07156343): administration
- Status
- Administration ended
- Administration began
- 2011-10-05
- Incorporated
- 2010-02-12
- Location
- Gateshead
- Industry
- 7487
Why it went into administration
- Weak consumer demand
- HMRC / tax arrears
- Sustained trading losses
From the administrators' statement
The company was incorporated on 12 February 2010 and began trading shortly thereafter The company acted as a mail order fulfilment and dispatch company for the mail order industry The majority of the company’s work came from the associated company, Timscns Reader Offers Limited, which accounted for 85% of the company's turnover
Prior to the administration, the registered office of the company was H3 Kinghts Park, Knights Road, Strood, ME2 2LS The company operated from the associated company’s offices in Strood, Kent where it shared office space
As with the company’s associated company trading in the first quarter of 2011 gave the management board cause for concern The slower than forecast Christmas sales and resulting stockholding experienced by the associated company had a direct effect on the company’s turnover The rise in VAT to 20% and ebbing consumer confidence due to the economic climate as a whole resulted in the associated company’s sales falling to a historic low As 85% of the company’s turnover came from the associated company the company was almost wholly reliant on their success With the lack of altemative available revenue streams and contracts the company began to struggle to meet its liabilities
Administrators' statement of proposals (2011-12-05) · Companies House register