Everpress Limited (09419903): administration
- Status
- Administration ended
- Administration began
- 2025-08-06
- Administrators
- Asher Miller, Stephen Mark Katz
- Administrators' firm
- Begbies Traynor
- Formerly
- Expressively Limited
- Incorporated
- 2015-02-03
- Location
- London
- Industry
- 47910 Retail sale via mail order houses or via Internet
Why it went into administration
- Competition / price pressure
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
The Company is a B-Corp certified platform that enables creators from diverse backgrounds to sell sustainable t-shirts and other products featuring their designs through a pre-order campaign model.
The platform eliminates upfront costs and risk for creators. The Company and its creators collaborate to promote products via social media and other channels, with consumers paying in advance. The Company then manages production and shipping through third-party suppliers, paying creators a percentage of revenue once campaigns conclude. The Company’s client base spans content creators, designers, artists, musicians, record labels, YouTubers and charities.
The Company raised private equity investment in 2021 with the objective of scaling the platform and expanding internationally. However, the main challenge emerged shortly after closing the investment round: the cost of paid advertising increased dramatically within a few months. The Company’s customer acquisition costs rose from £7-8k cost per acquisition at the start of the year to £25-30k cost per acquisition by summer, making this previously significant channel unviable. The Company had to scale back spending, revise its growth plans and make substantial team reductions as a result.
Administrators' statement of proposals (2025-09-16) · Companies House register