# Vivays Publishing Ltd. (07414618)

> Why UK company 07414618 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07414618

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07414618/filing-history/MzA3Njc0ODg2NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07414618

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