Amscan Holdco Limited (13044098): administration
- Status
- Administration ended
- Administration began
- 2024-07-10
- Administrators
- James Richard Clark, Ryan Kevin Grant
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2020-11-25
- Location
- Leeds
- Industry
- 46900 Non-specialised wholesale trade
Why it went into administration
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Weak consumer demand
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
From the administrators' statement
The Group Is engaged in the sourcing, wholesaling, and e-commerce retailing of costume and party products. The Group operates globally within key jurisdictions including the UK, US, Germany, Australia and Hong Kong.
3.2 Funding and financial position of the Company Funding
PNC funded the Group by way of accounts receivable and inventory facilities plus a cash flow term loan. PNC holds first- ranking fixed and floating charges over the majority of the Group. PNC indebtedness across the Group is approximately £9.2 million.
Administrators' statement of proposals (2024-07-26) · Companies House register