CDI Realisations Limited (09105695): administration
- Status
- Administration ended
- Administration began
- 2023-12-28
- Administrators
- Stephen John Absolom, James Richard Clark
- Administrators' firm
- Interpath Advisory
- Formerly
- Communisis Data Intelligence Limited; Psona Group Limited
- Incorporated
- 2014-06-27
- Location
- Leeds
- Industry
- 63110 Data processing, hosting and related activities
Why it went into administration
- COVID-19
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Parent or group failure
From the administrators' statement
The Communisis Group is made up of two main divisions: Customer Experience ('CE') and Brand Deployment ('BD'). The Group also includes two much smaller divisions, named Agencies and Editions. PSONA 12 Limited and PSONA Limited are subsidiaries of the Company and form the Agencies part of the Group. The entities within the Editions part of the Group sit in other subsidiaries in the Group.
The Group provides direct mail and digital transactional communications, procurement services and marketing execution to customers across the fast moving consumer goods, retail and regulated markets.
In its management accounts for 2021, the Group recorded turnover of approximately £255 million, with CE generating approximately £122 million, and BD, Agencies and Editions generating the balance of approximately £133 million. The Company generated turnover of £1.5 million in 2021, which was split across the CE and BD parts of the Group.
Administrators' statement of proposals (2024-01-25) · Companies House register