Marstan Press Holdings Limited (11064905): administration
- Status
- Administration ended
- Administration began
- 2019-01-28
- Administrators
- Matthew Robert Haw, Damian Webb, Duncan Robert Beat
- Administrators' firm
- RSM
- Incorporated
- 2017-11-15
- Location
- London
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Parent or group failure
- Competition / price pressure
From the administrators' statement
Brief background
The Company was incorporated by Martin Lett, Martin Lett Jnr and Stephen Lett on 15 November 2017 as an investment company for Marstan Press Limited(the) (‘MPL’) and M P Group Limited.
Prior to appointment of the Administrators MPL had 54 employees, comprising of printing staff, sales and purchases team, finance team and a business development team. MPL offered a range of services including litho print, digital print, foil biocking and packaging. Serving various markets, supplying councils, schools and local businesses.
Administrators' statement of proposals (2019-04-09) · Companies House register