Studio TRI Limited (07689042): administration
- Status
- Administration ended
- Administration began
- 2021-12-23
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2011-06-30
- Location
- Cardiff
- Industry
- 73120 Media representation services
Why it went into administration
- COVID-19
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 30 June 2011 and operated as a contemporary advertising agency offering services such as PR, branding, creative production, social media management and analytics.
Trading from centrally located leasehold premises in Cardiff, South Wales, the Company established a prominent reputation and undertook work for a number of high profile clients in sectors such as retail, travel and entertainment, consumer finance and food and drink
The Company had been historically profitable, although suffered a trading loss of £212k for the financial year ending June 2019 due to significant increases in respect of the Company's operating costs.
Administrators' statement of proposals (2022-02-01) · Companies House register