Mailbox DM Ltd (11877670): administration
- Status
- Administration ended
- Administration began
- 2024-05-30
- Administrators
- Lisa Ion, Louise Williams
- Administrators' firm
- Opus Restructuring
- Formerly
- Vanquish Acquisitions Ltd
- Incorporated
- 2019-03-12
- Location
- Milton Keynes
- Industry
- 18129 Printing n.e.c.
Why it went into administration
- HMRC / tax arrears
- Sustained trading losses
- COVID-19
- Energy costs
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
From the administrators' statement
The Company commenced active trading (Following its acquisition of Taylor Bloxham Group Ltd trade and assets) on the 7 February 2020.
In less than a month, the pandemic began with a severe impact on the business. Forecast turnover dropped by around 60%, with work being cancelled in the business’s first trading month.
Government support measures allowed the business to continue during the pandemic.
Administrators' statement of proposals (2024-06-13) · Companies House register