Curtis Gabriel Corporation Limited (08105483): administration
- Status
- In administration
- Administration began
- 2023-11-29
- Administrators
- Steven Phillip Ross, Allan David Kelly
- Administrators' firm
- FRP Advisory
- Formerly
- SR Curtis Limited
- Incorporated
- 2012-06-14
- Location
- Newcastle upon Tyne
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- COVID-19
- Rising costs / inflation
From the administrators' statement
The Company was incorporated on 14 June 2012 under registration number 08105483. Prior to the appointment of administrators, the registered office address was Unit 24/25, The Pantry Bakers Yard, Newcastle upon Tyne, NE3 1XD and traded from the same address. The Company employed c. 16 employees prior to the appointment of Administrators. The Directors are Simon Curtis, David McNiven, Jonathan Shafto and Abbie Walker. The shareholder is Curtis Gabriel Limited. Simon Curtis, David McNiven, Jonathan Shafto and Abbie Walker are the ultimate beneficial owners.
The Company operated as an international marketing agency.
Inflationary pressure on costs, COVID trading conditions and a high debt burden from pre-existing lenders led to the Company becoming insolvent in quarter 3 of 2023. Additionally, the Company had further debt burdens in the form of buyouts of former shareholders.
Administrators' statement of proposals (2024-01-17) · Companies House register