Vivays Publishing Ltd. (07414618): administration
- Status
- Administration ended
- Administration began
- 2013-02-18
- Administrators
- Gary Paul Shankland, Neil John Mather
- Administrators' firm
- Begbies Traynor
- Formerly
- Vivays Ltd
- Incorporated
- 2010-10-21
- Location
- London
- Industry
- 58110 Book publishing
Why it went into administration
- Sustained trading losses
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated in 2010 and operated as a London based publisher of illustrated books in the following areas, advertising, architecture, art, design, fashion, graphics, hobbies, ornaments and photography The Company published books up to January 2013 The books were sold worldwde through vanous distributors
The reasons for the Company’s insolvency
The Company's business plan envisaged that it would be loss making in its initial stages, and required extemal investment and funding in order ta provide working capital Funding, as required, was provided by way of an unsecured loan from a shareholder (“the Funder”) The Company was foss making for all trading penods since tts inception, and wholly reliant on the continuation of funding
Administrators' statement of proposals (2013-04-23) · Companies House register