# Cinram Novum Ltd (10999570)

> Why UK company 10999570 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10999570

- **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- Funding withdrawn / unable to refinance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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10999570/filing-history/MzM1MzE0Mjk2NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10999570

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.