Folio Print Finishing Limited (07547245): administration
- Status
- Administration ended
- Administration began
- 2024-04-05
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2011-03-01
- Location
- Bristol
- Industry
- 18140 Binding and related services
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
From the administrators' statement
Our proposals for achieving the purpose of the administration which will be sent to creditors as soon as practicable will provide detailed information in relation to the Company. The following background information is provided to assist creditors who may have limited knowledge of the Company and its affairs to better understand the reasons for the prepackaged sale.
The Company operated from a 17,000 square foot leasehold premises in Avonmouth. It is one of the largest print finishing businesses in the UK and has customers across the UK. The Company has 40 employees who were at risk of losing their jobs. The majority of the assets in the premises are not owned by the Company.
The reasons for the Company’s insolvency
Administrators' statement of proposals (2024-05-02) · Companies House register