Cinram Novum Ltd (10999570): administration
- Status
- Administration ended
- Administration began
- 2022-09-13
- Administrators
- Howard Smith, Richard John Harrison
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2017-10-06
- Location
- Manchester
- Industry
- 59131 Motion picture distribution activities
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- COVID-19
- Loss of a key customer, supplier or contract
- Cash flow / liquidity pressure
- Sustained trading losses
- Property / lease costs
- Supply chain disruption
From the administrators' statement
Incorporated on 6 October 2017, Cinram Novum Ltd was a provider of supply chain solutions in the music and entertainment industry (including warehousing and storage, fulfilment and e-commerce, cash collection and distribution solutions).
The Directors of Cinram are David King and Mark Pinnock (the ‘Directors’). Cinram is 100% owned by the Patriot Investment Enterprises Ltd Group, which in turn is majority owned by David King.
The Company operated from a leased warehouse based in Aylesbury, Buckinghamshire, the lease of which expired on 23 June 2022, prior to the appointment of Administrators.
Administrators' statement of proposals (2022-10-03) · Companies House register