Pro-Xpress Limited (08075123): administration
- Status
- Administration ended
- Administration began
- 2015-03-16
- Administrators
- Jonathan James Beard, John Walters
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2012-05-18
- Location
- Brighton
- Industry
- 62030 Computer facilities management activities
Why it went into administration
- Funding withdrawn / unable to refinance
- Competition / price pressure
From the administrators' statement
The Company was established in 2012 by former directors Max Robinson and Hugh Boyle and current directors Donald McDonald and the two companies Kommunikasjonshuset Holding AS (“KHA”) and Hamilton Portfoho Limited
The Company was set up to licence the use of software from a Norwegian company associated with KHA, this software allowed the Company to run reverse auctions for printing contracts which was the principal activity of the Company
The Company’s financial statements for the year ended 30 September 2013 show a loss of £421,555, which ulttmately resulted in the Company suffering significant cash-flow issues and therefore struggling to make payments to its creditors as they fell due
Administrators' statement of proposals (2015-05-15) · Companies House register