MDS Realisations Limited (08989087): administration
- Status
- Administration ended
- Administration began
- 2014-11-14
- Administrators
- Simon Robert Thomas, Arron Simon Kendall
- Administrators' firm
- Moorfields
- Formerly
- Millnet Document Solutions Limited
- Incorporated
- 2014-04-09
- Location
- London
Why it went into administration
- Property / lease costs
- Loss of key people
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 9 April 2014 as Millnet Document Solutions Limited and commenced trade shortly thereafter, providing print and direct mail services to its customers
The Company was formed by Yolanda Noble (“YN”), successful entrepreneur in the print and document service market, and Millnet Limited of Stapleton House, 29-33 Scrutton Street, London EC2A 4HU Shares in the Company were held equally between YN and Milinet Limited
The Company's business and assets were purchased from the Joint Administrators of Print Logic Limited (In Administration) (“Print Logic”) The sale consideration given by MDSL for the business and assets of Print Logic, was £80,000 to include, contracts, equipment, goodwill, intellectual property and stock
Administrators' statement of proposals (2014-12-31) · Companies House register