Ashfield Screen Print Holdings Ltd (08782814): administration
- Status
- Administration ended
- Administration began
- 2019-03-13
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2013-11-20
- Location
- Birmingham
- Industry
- 77390 Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Why it went into administration
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 20 November 2013 and was set up fo act as a vehicle for ownership of a freehold property at 10b Station Road, Spondon, Derby DE32 7RX, from which a connected company, Ashfield Screen Printing Limited (’Printing’) traded.
Printing operated an invoice discounting facility with ABN Amro Asset Based Finance N.V UK (‘ABN Amro’), supported by a debenture incorporating fixed and floating charges over Printing’s assets, created on 8 September 2011.
The invoice discounting facility was further supported by a cross-guarantee given by Holdings, with an accompanying debenture over Holdings’ assets, in favour of ABN Amro, created on 13 October 2014.
Administrators' statement of proposals (2019-05-07) · Companies House register