Office King Limited (07519515): administration
- Status
- Administration ended
- Administration began
- 2015-04-10
- Incorporated
- 2011-02-07
- Location
- London
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- Creditor pressure / legal action
- Sustained trading losses
- Credit insurance / supplier credit withdrawn
From the administrators' statement
Albert that statutory information is contained in Appendix II, these Proposals provide bnef details in relation to the Company's history This history has been compiled following conversations between the Team and the Director, subsequent to the placing of the Company into Administration
The Company was incorporated on 7 February 2011 to commence trading as an online retailer of office Stationery In 2012, the Company purchased the business and assets of a preceding business, Lasertech for approximately £30,000 It operated from the Trading Premises
As a part of the acquisition, Lasertech’s staff transferred to the Company The Company also undertook to service certain of Lasertech’s historic creditors, to ensure ongoing supplies Specifically, the Company is understood to have paid circa £72,000 to a supplier called VOW and circa €32,000 to another supplier called Clover This is understood to have placed an initial strain on the cash flow of the Company The Company also lost key members of sales staff and turnover dropped significantly as a result
Administrators' statement of proposals (2015-06-05) · Companies House register