Kanban Crafts Ltd (07707862): administration
- Status
- Administration ended
- Administration began
- 2013-03-18
- Administrators' firm
- RSM
- Incorporated
- 2011-07-18
- Location
- Leeds
- Industry
- 17290 Manufacture of other articles of paper and paperboard n.e.c.
Why it went into administration
- Sustained trading losses
- Credit insurance / supplier credit withdrawn
- Competition / price pressure
From the administrators' statement
The Company is a manufacturer and distributor of craft and card products sold in kit form to retailers and television home shopping retailers and was incorporated on 18 July 2011 by its directors and equal shareholders, Keith and Karen Smith
On 5 August 2011, the Company acquired the business and assets of Kanban Card and Paper Limited (“KCP”) by way of a pre-packaged purchase, shortly following the appointment of administrators
As part of the acquisition the Company was afforded finance by Centric Commercial Finance (‘Centric’), In respect of its book debt ledger and NJD Capital Plc (“NJD”) in the form of a chattel mortgage over a number of specific fixed plant & machinery ttems NJD was also a shareholder of the Company
Administrators' statement of proposals (2013-05-21) · Companies House register