YM Group Limited (09733703): administration
- Status
- Administration ended
- Administration began
- 2022-06-15
- Administrators
- Mark David Hodgett, Philip Edward Pierce
- Administrators' firm
- FRP Advisory
- Formerly
- Castlegate 740 Limited
- Incorporated
- 2015-08-14
- Location
- Manchester
- Industry
- 18129 Printing n.e.c.
Why it went into administration
- COVID-19
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
A detailed overview of the events leading to the appointment of the Joint Administrators is included in Appendix C, however a summary of the events is included below.
1. Introduction
The Group had come under increasing financial pressure throughout 2021 due to the performance of the Web Print Divisions. Challenges were attributed to a combination of (1) inherent industry challenges and supply issues; and (2) challenges created by the COVID-19 pandemic.
Administrators' statement of proposals (2022-07-04) · Companies House register